The investment conference will be half a million kroner more expensive than last year, the fund expects.
MEET AGAIN: Hedge fund leader and billionaire Ole Andreas Halvorsen is the main attraction at the conference. However, the Norwegian Oil Fund has closed his lecture to the public. Here together with Oljefondet CEO Nicolai Tangen in January 2024 during the World Economic Forum in Davos. Photo: Kjetil Alstadheim, Aftenposten Published: Published:
Less than 20 minutes ago
The Norwegian Oil Fund expects that this year’s edition of the investment conference will cost NOK 1.8 million.
In comparison, the bill for last year’s conference ended at NOK 1.3 million.
This shows accounting figures and budget items E24 has been given access to.
A number of high-profile speakers will talk at the conference about how to become a better investor.
Read on E24+
breaking latest news: “Luck or skill in the stock market?”
Therefore, costs increase
An overview of the various items shows that production costs will increase to NOK 1 million, from NOK 173,081. This is the hire of personnel and equipment for sound, image and live stream, as well as some content production.
According to the fund, increased production costs are due to the fact that they have moved the conference to a room that does not have the same advanced facilities for sound, image and live stream as the room they used last year.
“Relocation of rooms has been done in order to be able to increase the number of participants”, writes the fund.
There are 270 people registered for the conference.
Closing the “Tigergut” lecture
The fund has received several questions about this year’s conference. The background is that it closes hedge fund leader Ole Andreas Halvorsen’s lecture to the public.
Halvorsen’s lecture will take place in a different room from the main conference, according to correspondence E24 has access to.
Halvorsen, also known as “TigerguttTigerguttHalvorsen has been nicknamed “Tigergut” as a result of his time at Tiger Management in the 1990s.”, is co-founder and manager of one of the world‘s leading hedge funds, Viking Global Investors.
He is worth over NOK 60 billion, according to Kapital, and has a central position on Wall Street. At the same time, he is extremely media-shy and avoids speaking out in public. Halvorsen has lived in the USA for a number of years.
Attempts to get Halvorsen to attend the conference began in January last year. Then Oljefondet CEO Nicolai Tangen sent an SMS to Halvorsen in which he wrote, among other things, that Halvorsen is “the hero of all heroes”.
The two met in January this year during the World Economic Forum in Davos.
The oil fund gave in to a demand from the billionaire for zero press coverage related to his lecture. They agreed on so-called “Chatham House rules” Chatham House rules mean that you cannot refer to who said what. This will in practice be a ban on minutes’.
The conference will be held at Norges Bank’s premises on Tuesday 23 April.