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Oil fund CEO warns of low returns in the years ahead

Inflationary pressures, climate effects, geopolitics, and trade routes are not a ”happy cocktail”, Nicolai Tangen says at the World Economic Forum in Davos, Switzerland.
Nicolai Tangen is the CEO of Norges Bank Investment Management, also known as the oil fund. | Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix
Nicolai Tangen is the CEO of Norges Bank Investment Management, also known as the oil fund. | Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix
By Kari Lundgren and Francine Lacqua, Bloomberg

Norway’s USD 1.5trn sovereign wealth fund is bracing for a lackluster performance from the markets in the years to come as inflationary pressures are likely to remain.

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