Government Pension Fund Norway, managed by Folketrygdfondet, recorded a profit of NOK 27 billion in 2024, corresponding to a return of 7.6%. At the end of the year, the fund's capital stood at NOK 381 billion.
In June 2024, the Norwegian Parliament passed the law establishing Statens fond i Tromsø. Now, the new fund has welcomed its first three employees and opened its office in Tromsø.
The Government Pension Fund Norway, managed by Folketrygdfondet, posted a result of NOK 24.7 billion in the first half of the year, equivalent to a return of 6.97%. The capital stood at NOK 379 billion at the end of the period.
The new fund will invest in Nordic small-cap listed companies. The initial capital will be NOK 15 billion, with the potential to increase to NOK 30 billion as experience is gained.