External managers have received 12 billion to get Norwegians oil money to propagate, half that success bonus. Oil Fund sitting still left with zero extra gain, the risk taken into account, writes DN.
It shows a comparison with referanseineksen since its establishment in 1998. According to an overview from the Oil Fund, it has been used 60 external management companies worldwide in the period.
From Oil Fund infancy costs amounted to external managers around 49 percent of its total cost, writes DN.
But Oil Fund will not print with what are external managers’ contributions overall.
– We do not give any numbers or details beyond what is already included in the report, responding Thomas Sevang, Communications Director of the Oil Fund, in an email to the newspaper.
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