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Norwegian oil fund CEO: "We could buy all of Sweden"

When asked in a debate why Stockholm was considered more of a asset mangement hub than Oslo, CEO of the Norwegian Sovereign Wealth fund Nicolai Tangen turned to a football chant for inspiration.

Oil fund CEO Nicolai Tangen speaking at the panel debate. | Photo: Martin Fuglseth Kolden

The focus of a public debate held at Arendalsuka, the largest political gathering in Norway, was whether it was possible for Norwegian asset managers to get their hands on more international capital.

”US asset managers manage the pensions of people from all over the world. Why shouldn’t Norwegian managers manage pensions for Americans, for example?” Tom Staavi, head of information at industry association Finans Norge, asked the panel.

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