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…