Keep pulling the thread on Nicolai Tangen.
Withdrawals from the Norwegian Sovereign Wealth Fund now account for more than 20% of the Norwegian government's annual budget.
The Norwegian Sovereign Wealth Fund has a strategic asset allocation of approximately 70% equities and 30% fixed income, with additional allocations to property and renewable infrastructure.
The Norwegian government has a spending rule allowing politicians to withdraw approximately 3% of the Norwegian Sovereign Wealth Fund's value annually.
Norges Bank Investment Management oversees the $1.3 trillion Norwegian Sovereign Wealth Fund, the largest sovereign wealth fund in the world.
The Norwegian Sovereign Wealth Fund owns 1.5% of all public equities worldwide.
The Norwegian Sovereign Wealth Fund owns 2.7% of all listed companies in Europe.
The Norwegian Sovereign Wealth Fund's first deposit was 2 billion Norwegian kroner, and it has since grown to 15,000 billion Norwegian kroner.
The Norwegian Sovereign Wealth Fund is in active conversation with the Norwegian Ministry of Finance to potentially add private equity to its investment mandate.
The Norwegian Sovereign Wealth Fund operates with a risk budget that limits its tracking error to a maximum of 1.2% relative to its benchmark.
Prior to his current role, Nicolai Tangen founded AKO Capital, which now manages $20 billion and is considered one of Europe's leading hedge funds.
Nicolai Tangen believes the optimal time for an investor to have maximum market exposure is during periods of extreme fear when the world looks the worst.
AKO Capital launched with seven people and raised $550 million in initial capital.