Norway Wealth Fund CEO Nicolai Tangen Plans to Seek New Term (1)

The head of Norway’s $1.8 trillion sovereign wealth fund, Nicolai Tangen, plans to seek a new term as chief executive officer of Norges Bank Investment Management when his current term expires next September.

“I don’t feel that the job is finished,” Tangen said during a town hall with employees Tuesday. “So I will apply for a new term.”

A former hedge fund CEO, Tangen joined NBIM in September 2020 from AKA Capital, which he founded in 2005. During his tenure, the executive has encouraged his traders to think more contrarian and take advantage of the long-term nature of the ...