Tangen to permanently divest from AKO fund in January 2021

Norges Bank HQ, Oslo
Norges Bank
Photo: Espen Schive

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: