Norway's sovereign wealth fund acknowledges a significant profit from tech investments, yet CEO Nicolai Tangen warns of impending market difficulties due to rising sovereign debt and global tensions.
Tangen expressed concern about the unprecedented rise in sovereign debt, stating, 'It's at a level we haven't seen [before], it is continuing to increase... to actively try to reduce it.'
CEO Tangen highlighted the unpredictability of current global geopolitical situations, mentioning the wars in Ukraine and Gaza as crucial risk factors that can impact investment stability.
Despite a successful first half in 2024, Tangen cautioned about possible market downturns, saying he expects that worse is still to come due to tech stock volatility.
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