CEO Who Ran $1.1 Trillion Fund for 12 Years Skips Last Report(2)

After more than a decade running the world’s biggest sovereign wealth fund, Yngve Slyngstad won’t be there to present what would have been his final set of results.

In an invitation to a press conference for the half-year report on Tuesday, the Oslo-based fundsaid Slyngstad’s deputy, Trond Grande, will do the presenting instead. A spokeswoman for the fund said the outgoing CEO and Grande “have alternated” in the past in hosting press conferences. “This time it’s Trond Grande,” she said.

Slyngstad’s absence comes amid a recruitment storm surrounding the $1.1 trillion Norwegian fund, with his designated successor, hedge ...