Norway Oil Fund CEO Says He’s More Nervous After Record Returns
Fortune 35
Norway’s sovereign wealth fund CEO Nicolai Tangen said the fund is more nervous after record first-half gains. The fund reported an all-time high gain of 1.4 trillion kroner ($150 billion) for the first half of the year. He pointed to AI valuations, geopolitics, and concentration risk as reasons to be more cautious, which signals tighter attention to portfolio dangers going forward.