Norway Wealth Fund’s Watchdog Says New CEO Deal Still Faulty
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The watchdog overseeing Norway’s central bank renewed its criticism of how a new chief executive was appointed for the country’s $1.1 trillion sovereign wealth fund.
The head of Norges Bank’s Supervisory Council told key lawmakers gathered for a rare parliamentary hearing that risks remain for conflicts of interest and that rules were broken when hedge-fund manager Nicolai Tangen was hired to head the fund.