Norway Wealth Fund CEO Tangen Warns on Low Returns Ahead

Nicolai Tangen oversees fund with 1.5% of world’s stocks
Spiraling inflation is a risk, Tangen says in Davos interview

WATCH: “I think there is more underlying inflationary pressure,” Tangen says.Source: Bloomberg

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By Kari Lundgren and Francine Lacqua

January 15, 2024 at 2:33 PM UTC

Updated on

January 15, 2024 at 3:13 PM UTC

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Norway’s $1.5 trillion sovereign wealth fund is bracing for lackluster performance from the markets in the years to come as inflationary pressures are likely to remain.

“We are not very optimistic when it comes to returns,” Chief Executive Officer Nicolai Tangen said in an interview on Bloomberg TV at the World Economic Forum in Davos.