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Anecdotally; I spoke to a person from "Norges Bank Investment Management" today at a careers fair about this issue, and apparently this example of using active
by pveierland 10y ago
Anecdotally; I spoke to a person from "Norges Bank Investment Management" today at a careers fair about this issue, and apparently this example of using active external investors is something that they have been avoiding since, and that the magnitudes of their internal bonuses are far more restrictive.
- TuringNYC 10y agoThis is a very good point. A very simple scenario would be that all the money is placed in super-thrifty ETFs with .05% fees. When you have figures as high as $882B, those outside management fees get large. In this case, it would be 441M!