Temasek Holdings reports S$7.3 Billion loss for FY2023, while Norway’s Sovereign Wealth Fund sees a US$84 billion quarterly profit

Singapore’s Temasek Holdings reported a loss of S$7.3 billion for FY2023, marking a 5.2% drop in net portfolio value. Meanwhile, Norway’s SWF posted a quarterly profit of US$84 billion.

Norway wealth fund posts strong quarterly return of US$84 billion

Norway’s sovereign wealth fund, the world’s largest, recovered about half of its massive losses from last year, posting a gain of US$84 billion in Q1 due to a strong stock market performance.