Alert on the Risks of Norway’s Sovereign Wealth Fund

Nicolai Tangen, the CEO of Norway's sovereign wealth fund, has expressed concerns about the security of its €2 trillion in assets. In a statement made on August 11, he mentioned several extreme scenarios that could lead to significant losses, such as nuclear war or biological terrorism.

Tangen also warned that the current economic context makes these risk scenarios seem less implausible than before. Norway's sovereign wealth fund is the largest in the world, managing a colossal portfolio of assets. It represents an essential part of the nation's wealth.

The director has raised the alarm, drawing attention to the potential vulnerability of these funds in the face of major crises, particularly amid economic and geopolitical uncertainties.