Tangen to permanently divest from AKO fund in January 2021
Norges Bank unveils final contract with SWF’s new chief executive
Nicolai Tangen, the new chief executive of Norway’s Government Pension Fund Global, will permanently divest from the AKO hedge fund no later than January 1, said Norges Bank in a statement today (December 3).
On August 24, the central bank announced Tangen would sell his holdings in AKO Capital, the hedge fund he founded in London in 2005. This sale will apply in perpetuity, Norges Bank said. Tangen also said his personal wealth will be held as bank deposits.
Tangen’s appointment process has
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