Norway's sovereign fund loses $124 billion as markets crash

OSLO (Reuters) - Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns ($124 billion)(105 billion pounds) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.The fund is now worth $930 billion (781 billion pounds), down from more than $1 trillion at the end of last year. Its investment portfolio dropped 16.2%, all but erasing the 20% gains made last year, while its stock market portfolio - its main asset class..