AMWatch

Oil fund's external managers saw performance-fees jump in H1

The Norwegian oil fund's external managers more than doubled their performance-based fees in H1 compared to 2019 as a whole.

Photo: Thomas Borberg

The Norwegian oil fund paid NOK 681m (EUR 65m) in performance-based fees to external managers. This is visible in the fund's H1 report which is released today. This is an increase from NOK 81m (EUR 7.7m) in H1 2019, corresponding to a relative increase of 741 percent.

For 2019 as a whole, the performance fees going to external managers amounted to NOK 291m (EUR 27.7m).

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Akademikerpension divests utility companies

More than 200 utility companies have been excluded from Akademikerpension's investment universe. The pension fund is now divesting equities and bonds equivalent to 0.5 percent of assets under management.

Qblue aims to reach a wider audience

Bjarne Graven Larsen's QBlue Balanced wants to reach more international investors, he tells AMWatch. He also discusses why he thinks the quant winter has made way for a quant spring.

Evli records AUM growth exceeding 24 pct

New client wins, additional investments from existing clients and the positive market impact increased the assets under management by private and institutional mandates to a new record, writes Evli Group CEO Maunu Lehtimäki.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch