Category Archives: Fagnotat


Risk adjusted performance measurement of the stock-picking within the GPFG

4 April 2018

Given that the costs of stock-picking within the GPFG are substantial and this produces at best a zero additional return and at worst loses money before costs, it is difficult to understand why the Ministry of Finance on behalf of the Norwegian public would continue to ask NBIM to use resources to finance this activity.

180404_Risk adjusted performance of the stock picking in the GPFG