CIO Greatest Hits: Sovereign Wealth Funds – Nicolai Tangen (Norges Bank)

In this episode of Capital Allocators, Ted Seides interviews Nicolai Tangen, the leader of Norges Bank Investment Management, Norway's $1.5 trillion sovereign wealth fund. Tangen discusses his background in research and interviewing, drawing from his experiences in the Norwegian Intelligence Service and hedge fund management. He emphasizes the importance of apprenticeship, honesty, transparency, and long-term thinking in investing. The conversation covers the history and governance structure of the Norwegian Sovereign Wealth Fund, its investment strategy, risk management, and approach to ESG. Tangen also shares insights on corporate culture, risk-taking, and the potential for private equity investments, as well as his efforts to increase transparency and promote the Norwegian asset management industry.