The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States was one of the biggest risks to financial markets this year.

The boss of the $1.8 trillion wealth fund told investors to take a contrarian approach, even if it leads others to questioning your sanity.

Despite watching Bitcoin's scorching run past $100,000 and the inauguration of Donald Trump, who has pledged to be a "crypto president" in the U.S., some of the world's largest investors said this week they still plan to stay on the sidelines.

The oil fund, as it is known at home, is the world’s biggest single owner of public equities, with shares in almost 9,000 companies globally. It was established in the 1990s to invest Norway’s petroleum wealth and is largely an index-tracker, working according to a strict mandate from the country’s Finance Ministry.

LIVE: Follow The Hindu’s updates of Day 4 of the World Economic Forum 2025, in Davos, Switzerland, on January 23, 2025

Nicolai Tangen, CEO of Norway's sovereign wealth fund, warns that inflation in the United States poses a risk to financial markets. He also highlights global sovereign debt levels as a concern, suggesting investors may soon demand more to finance governments.

This is a collection of photos chosen by AP photo editors.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos.

Switzerland's Economy Minister Federal Councillor Guy Parmelin, from left, Thailand's Minister of Commerce Pichai Naripthaphan, Norway's Minister of Trade and Industry Cecilie Myrseth, Prime Minister of Thailand Paetongtarn Shinawatra,

The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States posed a risk to financial markets this year.

Despite watching Bitcoin's scorching run and the inauguration of Trump, some of the world's largest investors still plan to stay on the sidelines.

By Echo Wang, Marwa Rashad and Trevor Hunnicutt DAVOS, Switzerland (Reuters) -U.S. President Donald Trump demanded OPEC lower oil prices and the world drop interest rates in a speech to global business and political leaders and warned them they will face tariffs if they make their products anywhere but the U.