Evaluering
Evaluating the Performance of Active Management in Norway’s Sovereign Wealth Fund (GPFG)
This report evaluates active management by Norges Bank in Norway's Sovereign Wealth Fund (GPFG). It concludes that active management has created substantial value over 27 years, with net gains of 402 billion NOK after costs. Key successes include equity and fixed-income strategies, as well as securities lending and security selection. Challenges noted are in real estate portfolio performance and top-down allocation decisions. The report underscores the necessity of judging active management over long periods and emphasizes continuous improvements.
Publisert
Eier
Finansdepartementet
Utfører
Norges handelshøgskole
Forfattere
Trond Døskeland og André Wattø Sjuve
Kilde
Tema
økonomi