NBIM cuts ESG managers to save on costs as returns fall short
Feb 12, 2019
Manager of world’s largest sovereign wealth fund seeks to cut costs with greater in-house management
Norges Bank Investment Management (NBIM), which runs the NOK8.7 tn ($1 tn) Government Pension Fund Global – or oil fund, as it’s often termed – has announced that it took all of its environment-related mandates in-house last year.
Since their inception in