Norway adds 26% to investment fund

Oslo: Norway’s sovereign wealth fund, the world’s second-largest, said the value of its investments rose a record 26% last year as markets rebounded.

The Government Pension Fund — Global climbed by 613 billion kroner (€76.18bn) in 2009, as measured by a basket of foreign currencies, the central bank said.

The fund, worth 2.6 trillion kroner at the end of 2009, gained 34.3% on its stock holdings and 12.5% on bonds.