CEO warns Norway's $2 trillion wealth fund could potentially hit zero
Nicolai Tangen, CEO of Norway’s sovereign wealth fund, has cautioned that the world’s largest fund could see its value wiped out during a market crash. He stated that under present global circumstances, it is "not completely improbable" for the fund to be lost entirely. The fund manages revenue generated from Norway’s oil and gas sector by investing in international stocks, real estate, and renewable energy initiatives.
by shortkt.com✓