Norwegian SWF head sells holdings in bid to end dispute

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Norway’s central bank announced the incoming head of the country’s sovereign wealth fund has sold his hedge fund holdings that had caused a major controversy.

This is Norges Bank’s latest bid to address the concerns raised by its own governing board and by Norwegian politicians over Nicolai Tangen’s potential conflict of interests. Tangen is scheduled to take over as chief executive of the Government Pension Fund Global on September 1. The GFPG is the world’s largest sovereign wealth fund, with

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