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CEO of world’s biggest wealth fund reflects on being unpopular

After months of drama and doubt, Nicolai Tangen is finally set to become the chief executive of Norway’s EUR 1trn wealth fund. He says staying cool in the face of unpopularity was key.
Nicolai Tangen, the incoming CEO of the Norwegian sovereign wealth fund, speaks during a news conference at the central bank in Oslo, Norway, May 28, 2020. Picture taken May 28, 2020. REUTERS/Gwladys Fouche/File Photo | Photo: GWLADYS FOUCHE/REUTERS / X03825
Nicolai Tangen, the incoming CEO of the Norwegian sovereign wealth fund, speaks during a news conference at the central bank in Oslo, Norway, May 28, 2020. Picture taken May 28, 2020. REUTERS/Gwladys Fouche/File Photo | Photo: GWLADYS FOUCHE/REUTERS / X03825
By Mikael Holter / BLOOMBERG

The 54-year-old will start running the world’s biggest sovereign investor on Sept. 1. To secure the job, Tangen had to strike a last-minute deal to give up the hedge fund he founded ­ AKO Capital LLP ­ after parliament balked at the potential conflict of interest.

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