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).
Get full access for you and your coworkers.
Start a free company trial todayAlready a member? Log in.
More from AMWatch
Europe's titans: This is why Nordic pension investors opt for our index solutions
Amundi and LGIM, Europe's largest asset managers, have won several index mandates on behalf of Nordic pension companies over the past 12 months. A business developer and a product architect reveal their recipe for success to AMWatch.
PFA's green solution beats core product, meets important milestone
PFA's green fund, Klima Plus, turns one today. It is still a relatively small product, but PFA is happy with the returns and the interest shown by clients.
Max Matthiessen's Deputy CEO steps down
Company veteran is winding down but will stay on as a strategic advisor to the board.
Futur Pension appoints new CEO and announces board member changes
The current boss has been at the previously Danica Pension-owned pension company since 1998. He will take up a role as board member instead. The firm is also changing its board chair.
ETF specialist hires Nordic director
The US-based provider of exchange-traded products is strengthening its Nordic sales team with Amundi's former Head of ETF and Indexing in the Nordics.
Lead Legal Counsel, Santander Consumer Bank, Copenhagen