Lessons from BlackRock’s Australian quant king

BlackRock’s Andrew Ang has earned the title as the king of factor investing. But there’s only one place where the work of a finance professor is considered so important that it gets you an audience with an actual king.

That is Norway, a small, open European economy with a gigantic sovereign wealth fund. Norges Bank, which has more than $US1.5 trillion ($2.3 trillion) in assets, owns on average 1.5 per cent of every single listed company’s shares on the planet.