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).

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