Tangen sells hedge fund stake to take top job in Norway's oil fund

Nicolai Tangen may now move forward with plans to take over leadership of the Norwegian sovereign wealth fund after having offloaded ownership in a hedge fund.

BY RITZAU

Norwegian financial profile Nicolai Tangen has dissolved his ownership in hedge fund AKO Capital and may now proceed in his appointment as chief executive of the Norwegian sovereign wealth fund from September 1, informs Norwegian Central Bank Governor Øystein Olsen at a press conference Monday evening.

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Hedge fund boss under pressure to divest for EUR 1 trillion job

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

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Expansion of Nordic team has paid off: Inflows to all core products for US manager