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

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