The Norwegian Ministry of Finance will mandate three consultants to advise on two funds, IPE reports. The ministry will award the four-year contracts for the Norway Government Pension Fund Global (NPFG) and the Government 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 Bank manages the €365 billion assets of NPFG and the asset allocation decisions are taken by the government.

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