Technology boost helps Norwegian sovereign wealth fund make $209 billion in profit

Norway's sovereign wealth fund, the world's largest, posted a profit of 1.48 trillion Norwegian krone (209 billion Australian dollars) in the first half of 2024, while global stock markets rose. The fund's equity portfolio returned 12.5 percent between January and June, while the fund's fixed-income securities and real estate suffered losses of 0.6 percent and … Read more

Russell Delroy of Nero Resources Fund says Diggers & Dealers should consider moving to Perth

A leading Western Australian fund manager has reignited calls for Diggers & Dealers to relocate to Perth and turn the annual mining boom into a more family-friendly event and a more welcoming environment for women. Russell “Rusty” Delroy, who manages $170 million through his Nero Resources Fund on Napoleon Street in Cottesloe, believes the three-day … Read more