How Norway’s $1tr wealth fund selects managers

The man who oversees external investment at Norway’s $1 trillion sovereign wealth fund is getting very itchy feet thanks to the Covid-19 lockdown. For an institutional investor that is extremely ‘high-touch’ with its asset managers, four months (and counting) feels like an age for on-site visits to be off-limits. “Usually we meet all of our managers three to five times a year, regardless of where they’re based,” Erik Hilde, global head of external strategies at Norges Bank Investm…