OSLO: An embarrassing recruitment debacle at Norway’s US$1.1 trillion wealth fund has reignited a debate over who controls the world’s largest sovereign investor.
Norges Bank, which oversees the fund, failed to eliminate the risk of conflicts of interest tied to the new CEO’s personal wealth and his firm’s use of tax havens, according to its watchdog. On Friday, Norway’s biggest opposition party, Labour, came out against his appointment.
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