Nicolai Tangen
Norwegian hedge fund manager (born 1966) / From Wikipedia, the free encyclopedia
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Nicolai Tangen (born 10 August 1966)[1] is a Norwegian hedge fund manager who founded AKO Capital. He is credited with holding the biggest private collection of modernist Nordic art in the world.[2][3] He has since September 2020 been CEO of Norges Bank Investment Management, tasked with managing the Norwegian Sovereign Wealth Fund, which is the largest publicly held financial fund in the world, owning approximately 1.4% of the world's listed companies.[4]
Nicolai Tangen | |
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Born | (1966-08-10) 10 August 1966 (age 57) Kristiansand, Agder, Norway |
Education | Norwegian School of Economics Wharton School of the University of Pennsylvania (BA) Courtauld Institute of Art (MA) London School of Economics (MSc) |
Occupation | Hedge fund manager |
Known for | Founder of AKO Capital |
Children | 3 |
Tangen has actively funded initiatives within arts and education through the AKO Foundation.[5]
In 2019, he was placed 6th in The Sunday Times Giving List, which ranks philanthropists from the UK based upon the proportion of personal wealth that they have given away each year.[6]
The Sunday Times Rich List in 2020 estimated Tangen's net worth at £550 million, an increase of £50 million from the previous year.[7]
In 2020, his appointment as the chief executive officer (CEO) at Norges Bank Investment Management, responsible for managing the Norwegian Sovereign Wealth Fund (Statens Pensjonsfond Utland)[8] proved extremely controversial[9][10] with some sources describing it as “the biggest crisis in the fund’s 24-year history.”[11]