04.11.2010 - Norwegian govt fund’s ‘reprehensible’ fees?
From Favstocks.com: The Norwegian Finance Ministry has fended off criticism from the state spending watchdog about controversial performance fees paid by the country’s central bank to external fund managers that run assets for the NOK3trn (€365bn) Government Pension Fund. The Office of the Auditor General recently issued a report to the Storting, the parliament, that was highly critical of Norges Bank Investment Management (NBIM), the arm of the central bank which runs the fund..............................................Full Article: Source
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