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Fortune
Fortune
Ryan Hogg

$2T Norway oil fund CEO: AI boom creates concentration risk ‘we have never seen before’

Nicolai Tangen, chief executive officer of Norges Bank Investment Management (Credit: Fredrik Solstad—Bloomberg/Getty Images)

The boss of Norway’s $2 trillion sovereign oil fund has fired a warning to investors who have won big on the AI stock market boom, as he cautioned that “we are heading for a period of low returns.”

Nicolai Tangen, the CEO of Norges Bank Investment Management, said there was a new reality in the stock market amid geopolitical tensions and falling liquidity.

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