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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Oil fund management ‘under fire’

Posted on 24 June 2009

From Upstreamonline.com: Auditing giant KPMG has been highly critical of the management of Norway’s oil fund in an ongoing review, according to reports.

In a report published by Upstream’s sister paper Dagens Naeringsliv, it emerged that KPMG singled out the fund’s management for criticism as part of an ongoing review for the Norges Bank Investment Management (NBIM), part of the country’s central bank, Norges Bank…….Full Article: Source


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