End to face-to-face meetings halts the hiring of new managers at Norway's oil fund
Video conferencing has been a challenging method for first meetings with new managers, Norges Bank Governor and chair of Norges Bank Investment Management Øystein Olsen and NBIM chief executive officer Nicolai Tangen write.
Norway's sovereign wealth fund has said the change to video meetings during the Covid-19 pandemic was more difficult with new external managers than it was with familiar faces, and not a single new investment firm won any of its prized mandates since the pandemic broke out, writes IPE.com.
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