Why the CEO of Norway's sovereign wealth fund isn't changing tactics despite tariff impact
Details
| Title | Why the CEO of Norway's sovereign wealth fund isn't changing tactics despite tariff impact |
| Author | CNBC International Live |
| Duration | 1:02 |
| File Format | MP3 / MP4 |
| Original URL | https://youtube.com/watch?v=VeMIfjX2QVA |
Description
Norges Bank Investment Management, one of the largest sovereign wealth funds in the world, was hit with a first-quarter loss of 415 billion kroner ($40 billion), in part due to their sizeable exposure to U.S. assets.
➡️ Despite this, CEO Nicolai Tangen is not planning to change tactics, explaining to CNBC's Carolin Roth that "you want to have a long term mandate, stick to that, be well diversified and put your long-term hat on."
➡️ Tangen also said that he expects it will be "tougher to make money going forward" due to the current political and economic landscape.
Watch the interview here: https://cnb.cx/4jWek8W
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