Manual error gives oil fund NOK 582m gain during H1

Discussing the oil fund's operational risk management during a broadcast press conference, CEO Nicolai Tangen and Deputy CEO Trond Grande mentioned a manual error in portfolio management that led to the fund buying more stocks in a company than planned.

Nicolai Tangen, CEO of Norges Bank Investment Management | Photo: Gwladys Fouche/Reuters/Ritzau Scanpix/REUTERS / X03825

by MIRZA GAZIC

Norway's oil fund, the world's largest sovereign wealth fund, published its half-year figures today and reported a near double-digit return that was propelled by tech, financial and energy stocks.

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Manual error gives oil fund NOK 582m gain during H1

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Further reading

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