Norges Bank takes new step in Tangen’s hiring process
Incoming SWF manager finalises agreement with third party to manage his fortune during his time in office
The incoming chief of Norges Bank Investment Management, Nicolai Tangen, has finalised an agreement to cede the management of his fortune to a third party during his time in office.
Tangen has agreed with the firm Gabler to place his fund investments in a blind trust, said Norges Bank today (June 30).
In 2005, Tangen founded the London-based hedge fund AKO Capital. It now manages $18.1 billion and Tangen’s personal fortune is estimated at around $860 million.
The new agreement will come into
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