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