Nicolai Tangen

Nicolai Tangen became CEO of Norges Bank Investment Management (NBIM) in 2020, overseeing the world's largest sovereign wealth fund with approximately $1.7 trillion in assets invested in equities, bonds, and real estate globally. He previously founded AKO Capital, a hedge fund in London. At NBIM, Tangen has made the fund more vocal on corporate governance — pushing companies to improve ESG standards, executive pay, and board quality. The fund owns approximately 1.5% of all globally listed companies. Tangen's active ownership approach contrasts with NBIM's historically passive investment style. His transition from running a concentrated long/short hedge fund to overseeing the world's largest passive-oriented sovereign wealth fund represents one of the most dramatic shifts in investment mandate in modern finance, and his efforts to improve corporate governance globally through NBIM's unparalleled ownership breadth have redefined what active stewardship can mean at institutional scale.