Capital Allocators – Inside the Institutional Investment Industry cover image

Capital Allocators – Inside the Institutional Investment Industry

Nicolai Tangen – Overseeing the Largest Sovereign Wealth Fund (EP.354)

Dec 4, 2023
Nicolai Tangen, CEO of the largest sovereign wealth fund in the world, discusses his investment path, serving as a universal owner of assets, and goals as leader of the organization. They cover the fund's history, asset allocation, and challenges of investing in emerging markets. Tangen also shares his hobbies, art collection, and reflections on his professional life.
49:14

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The Norwegian Sovereign Wealth Fund, overseen by Nicolai Tangen, owns a significant portion of public equities worldwide and listed companies in Europe, making it a major player in the global market.
  • Transparency and openness are core values for the Norwegian Sovereign Wealth Fund, both internally and externally, aiming to increase trust and attract top talent.

Deep dives

The Norwegian Sovereign Wealth Fund: Managing $1.3 Trillion in Assets

Nikolai Tangen, CEO of the Norwegian Sovereign Wealth Fund, discusses the fund's size and influence in the global market. With $1.3 trillion in assets, the fund owns 1.5% of all public equities worldwide and 2.7% of all listed companies in Europe. Tangen emphasizes the fund's focus on responsible and sustainable investing, engaging with companies on ESG issues, and participating in voting at AGMs. He also highlights the fund's interest in expanding into private markets, such as private equity, to capture the value creation that occurs outside the listed market. Tangen believes in the importance of long-term thinking, hard work, passion, and grit in achieving success.

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