Norway’s sovereign wealth fund, Government Pension Fund Global, returned 2.1% or about $11 billion on its investments in the first quarter of 2011, Bloomberg reports. The $573 billion funds’ equity portfolio returned 2.9% and fixed-income investments increased by 0.7%.

The fund had 82% of its investments in euros, pounds, dollars and yen at the end of the first quarter. The fund also received $5.9 billion of petroleum revenue from the government in the first quarter.

Click here for the story from Bloomberg.

Click here for the additional coverage from Reuters.