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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Norway mulls fee cap for Pension Fund Global after ‘reprehensible’ contract

Posted on 30 November 2010

From IPE: The Norwegian government is considering the introduction of an upper limit for management fees for external managers of its NOK2.9trn (€365bn) Government Pension Fund Global after a contract with no limit was branded “reprehensible”.
State secretary Hilde Singsaas made the suggestion in a statement after the country’s Auditor General criticised the contract, which stipulated no upper limit for performance-related fees……………………………………….Full Article: Source

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