Oil fund CEO predicts value decrease
CEO Nicolai Tangen says he is "absolutely sure" that Norway's sovereign wealth fund will shrink in future and that people should prepare themselves for this.
by NTB, translated by catherine brett
"The fund has gone up for 25 years. It will not continue like this for the next 25. Now, we are in a situation where interest rates are at a record low and the equity market is at a record high. So from now on, things will be different," Oil fund CEO Nicolai Tangen tells Norwegian media NRK.
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