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

The hedge fund manager set to become chief executive of Norway’s EUR 1 trillion wealth fund is facing fresh demands to address a number of conflicts of interest that lawmakers warn could derail his appointment.

Central Bank Governor Oystein Olsen and Nicolai Tangen are pictured during a press conference, in Oslo | Photo: Ntb Scanpix/Reuters/Ritzau Scanpix/via REUTERS / X02351

By Mikael Holter / BLOOMBERG

Nicolai Tangen will meet with the leadership of the central bank in Oslo today as they try to satisfy demands made by parliament before the founder of AKO Capital LLP can start running the world’s biggest sovereign fund.

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

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World’s biggest wealth fund caught up in governance drama

"We did not foresee the storm," says Governor of Norway's Central Bank on Tangen appointment

Norway's oil fund lost EUR 17.7bn in H1

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

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Storeband increases stake in Danish infrastructure manager to become majority owner

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Further reading

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

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

New Nordic high yield manager keeps attracting inflows

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