Business
The CEO of world’s biggest wealth fund says you have to be ‘capable of being unpopular’ – The Sydney Morning Herald
After months of drama and doubt, Nicolai Tangen is finally set to become the chief executive of Norway’s $US1.2 trillion wealth fund. He says staying cool in the face of unpopularity was key.
“You need to be used to, and capable of, being unpopular,” he said by phone from Oslo, where he’s moved from London in order to do his new job.
“When you’re an asset manager, you need to be used to the fact that people don’t agree with your investments,” he said. “If they do, it’s usually not a very good investment.”
He also says the chief quality of a good asset manager is to be able to shift gears when the world changes, so that’s what Tangen did.
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