Oil fund boss: “The worst thing you can do is to die with a lot of money”

Dark clouds over the world economy, concerns about geopolitics, and the significance of AI are some of the themes discussed by the CEO of Norway’s mighty oil fund in an interview with Dagens Industri.
Despite the oil fund's success, Nicolai Tangen is quite skeptical about prospects for the global economy. | Photo: NTB Scanpix/Reuters/Ritzau Scanpix
Despite the oil fund's success, Nicolai Tangen is quite skeptical about prospects for the global economy. | Photo: NTB Scanpix/Reuters/Ritzau Scanpix

Earlier this year, the combined assets of Norges Bank Investment Management – known as the oil fund – exceeded NOK 15trn (EUR 1.3trn). But despite its success, the fund’s CEO, Nicolai Tangen, is quite skeptical about the prospects for the world economy.

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