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A hedge fund manager’s dream just crashed into the real world

Nicolai Tangen, the future chief executive of the world’s biggest sovereign wealth fund, says he wishes he’d been a bit less extravagant.

Photo: Tony Colli/PR

In early 2018, the London-based hedge fund manager was planning what he hoped would be the event of a lifetime. Tangen compiled a list of attendees: the best and the brightest from the worlds of finance, politics and academia. He would call it, “Back to University.”

The exclusive get-together, which took place in November in Philadelphia, has now triggered an investigation into how Tangen was chosen to run Norway’s USD 1 trillion wealth fund.

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