Tag: NICOLAI TANGEN
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Norwegian Sovereign Fund Reviews U.S. Tech Investments Amid Declining Returns
The Norwegian sovereign wealth fund, facing missed profit opportunities in U.S. tech stocks, saw its 2024 returns decline. Reportedly, despite major holdings in companies like Apple and Microsoft, the fund ranked third worst in performance globally. Deputy CEO Trond Grande noted strategies to reduce risk while CEO Nicolai Tangen emphasized continued investments in profitable tech…