Sovereign Strategies: Lessons from Norway’s $2T Fund

Alaska’s Permanent Fund is one of the state’s most valuable legacies—but what can we learn from the world’s largest sovereign wealth fund? Watch this insightful discussion on Norway’s $2 trillion Government Pension Fund Global with experts Paul Marcussen and Roar Wold. Moderated by Lise Kristiansen, Honorary Consul of Norway in Alaska, this conversation explores how Norway manages its vast oil wealth to balance present needs with future prosperity—and what lessons Alaska might draw as it plans the next chapter for its own Permanent Fund. About the Speakers: Paul Marcussen – Lead Portfolio Manager on the external strategies team at Norges Bank Investment Management, overseeing allocations to active fund managers globally. Formerly with Morgan Stanley, Salomon Smith Barney, and Gjensidige, Paul has expertise spanning finance, equity research, and portfolio management. Roar Wold – Lead Advisor, External Relations at Norges Bank Investment Management. Roar has extensive experience in strategic communication, including positions with NATO, the Norwegian Armed Forces, and as a journalist at E24.no. He holds a Master of Science in Political Economy from BI Norwegian Business School and a Bachelor’s in Political Science from the Norwegian University of Science and Technology.