Norway Wealth Fund Manager Says Fund Collapse Not Impossible
9 Articles
9 Articles
Successful sovereign funds have been demonstrating for decades how the capital market secures the prosperity of entire nations. Private investors can also orient themselves particularly towards countries like Norway.
The Norwegian State Global Pension Fund, considered the largest sovereign fund in the world, could lose all its value in the future under certain circumstances, such as a collapse of the market, alerted its executive president (CEO), Nicolai Tangen. Can the fund disappear? The answer is yes. And the worst is that, in the world in which we live, this is not entirely unlikely. There is no country in history that has managed to maintain such a grea…
Nicolai Tangen, the fund's general manager, cited extreme scenarios such as atomic war, acts of biological terrorism or a lasting economic depression. ...
The fund, which invests abroad in gas and oil revenues from the Nordic country, has a value of approximately 22 billion Norwegian crowns (2.2 billion euros).
Coverage Details
Bias Distribution
- 80% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
