30.11.2010 - Norway mulls fee cap for Pension Fund Global after 'reprehensible' contract
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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