Norway Seeks Consultants For Two Funds

The Norwegian Ministry of Finance will mandate three consultants to advise on two funds,IPEreports. The ministry will award the four-year contracts for theNorway Government Pension Fund Global(NPFG) and theGovernment Pension Fund Norway.

The consultants will be required to advise on general investment strategy and guidelines for responsible investment, performance and risk evaluation and development of the scheme’s management framework.Norges Bankmanages the €365 billion assets of NPFG and the asset allocation decisions are taken by the government.

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