Norway wealth fund chief cleared of ethics breach
The chief executive of Norway’s EUR 2.75 trillion sovereign wealth fund has been absolved of wrongdoing following a probe into his decision to accept a lavish trip from the man who would ultimately succeed him.
BY MIKAEL HOLTER / BLOOMBERG
Yngve Slyngstad didn’t breach ethical guidelines when he stepped on a luxury flight from Philadelphia to Oslo that was paid for by hedge fund manager Nicolai Tangen, according to Norges Bank, which manages the fund.
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