Head of new Norwegian oil fund to sell London hedge fund – Financial Times

Head of new Norwegian oil fund to sell London hedge fund – Financial Times

Nicolai Tangen will sell his stake in the $ 20 billion hedge fund he founded in order to become chief executive of the $ 1 billion Norwegian oil fund after a heated dispute between the Scandinavian country’s politicians and its central bank.

Mr. Tangen will transfer his entire stake in AKO Capital, a London-based hedge fund, to the charity he created, AKO Foundation. He will also sell all of…

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