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A hedge fund that was worth billions of dollars in its own right. but we associate hedge funds with risk taking, with financial instruments. we don t necessarily associate it with the steady as she goes notion of a sovereign wealth fund. yeah, i think it s more about having the right attitude towards risk. it s not necessary taking a lot of risks as being conscious about what risk is. so, during the time i ran ako capital, we were running with a lot lower risk than the actual market risk. when you were appointed, it stirred a storm of controversy inside norway, not least because you were seen as a candidate who hadn t officially been put before the norwegian public. there was a list of names in the shortlist, yours wasn t on it, and then, miraculously, it was announced that you get the job. why was it handled that way? well, in a way, you have to probably ask the central bank about exactly about how it was handled that way. ....

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