'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
Nicolai Tangen at a press conference just after he was appointed new general manager of Norges Bank Investment Management, on May 28, 2020 in Oslo.
HAKON MOSVOLD LARSEN/NTB Scanpix/AFP via Getty Images
- The CEO of Norges Bank told the FT that he thinks Americans work much harder than Europeans.
- Nicolai Tangen made the remark as he explained the sovereign fund's push toward investing in the US.
- About half of the $1.6 trillion oil fund's equities are now invested in the US.
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