Norway Wealth Fund Chief Cleared of Ethics Breach
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The chief executive of Norway’s $1 trillion sovereign wealth fund has been absolved of wrongdoing following a probe into his decision to accept a lavish trip from the man who would ultimately succeed him.
Yngve Slyngstad didn’t breach ethical guidelines when he stepped on a luxury flight from Philadelphia to Oslo that was paid for by hedge fund manager Nicolai Tangen, according to Norges Bank, which manages the fund.