Nicolai Tangen
 Nicolai Tangen    (spook, hedge fund manager) | ||||||||||||
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| Born | 1966 Kristiandsand | |||||||||||
| Nationality | Norwegian | |||||||||||
| Member of | The Giving Pledge | |||||||||||
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Nicolai Tangen is a Norwegian hedge fund manager billionaire and appointed CEO of the Norwegian Sovereign Wealth Fund.
Career
Tangen was trained in interrogation and translation (Russian) in the Norwegian Intelligence Service (E-tjenesten), before he attended the Wharton School of the University of Pennsylvania as an undergraduate from 1988-92. He holds Master's degrees in Art History from the Courtauld Institute of Art, London and in Social Psychology from the London School of Economics, and likes to present himself as an art supporter.
Tangen was an analyst at Cazenove & Co. before moving to Egerton Capital in 1997. Tangen left Egerton Capital in 2002. In 2005, he launched AKO Capital, a London-based hedge fund, which has £10.8 billion of assets under management.
Parts of his fortune is placed in the banking centre Cayman Islands, on the EU tax haven blacklist [1]
In September 2020, he will become the chief executive officer (CEO) at Norges Bank Investment Management, responsible for managing the Norwegian Sovereign Wealth Fund (Statens Pensjonsfond Utland), with over over US$1 trillion in assets, including 1.4% of global stocks and shares.
Junket trip before he got hired
A few months before the billionaire was hired as head of the Norwegian Oil Fund, he spent millions of dollars on a spectacular trip to the United States[2]. The trip included Pprivate jets from Europe, three nights at luxury hotels, seminars with the world's top academics at [{Wharton]], fantastic food and drink and two private shows with world music starts Sting and Gregory Porter. "The arrangement was incredible. It all paid for. We were invited as guests without paying anything ourselves, it was exceptionally generous by Tangen", one of the invitees said.
Large parts of the Norwegian elite were participants in the junket, including some of the people who a few months later might have influenced the decision to hire him for the Norwegian Oil Fund, including Minister of Labor and Social Affairs Torbjørn Røe Isaksen,Government Attorney Fredrik Sejersted former Oil Fund Manager Knut Kjær and exiting Oil Fund Manager Yngve Slyngstad. Other participants were opinion influencers, media owners, top bureaucrats, 'philosophers' and business leaders.[3]
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| WEF/Annual Meeting/2023 | 16 January 2023 | 20 January 2023 | Switzerland World Economic Forum | The theme of the meeting was "Cooperation in a Fragmented World" |
References
- ↑ https://steigan.no/2020/03/hedgefond-tangen-direkte-fra-eu-svarteliste-til-oljefondet-pytt-pytt/
- ↑ https://www.vg.no/nyheter/innenriks/i/wPGjed/oljefond-tangen-floey-inn-norske-samfunnstopper-til-ni-millioners-konsert-og-superkonferanse
- ↑ https://steigan.no/2020/04/har-nicolai-tangen-bestukket-seg-til-jobben-som-direktor-for-oljefondet/
