On Wednesday, Norway's sovereign wealth fund, the world's largest, announced returns of 1.03 trillion Norwegian crowns (about $98 billion) in the first quarter. This came amid a stock market rally. The fund reported a quarterly return of 1.1%. 'Market conditions in the first quarter were favorable, leading to an increase in the portfolio's value,' the fund stated. 'We are seeing a recovery after a difficult last year,' fund representatives added. Last year, the fund recorded a loss for the first time since 2008 due to volatility in financial markets.
