The Oil Fund and active management: Follow the Tinbergen Rule!
Trond Døskeland: The Oil Fund's active return is positive, but it is small - NOK 170 billion since 1998, according to the analysis we have done for the Ministry of Finance.
We urge the Ministry of Finance to clarify the mandate on goals and prioritization of active ownership strategies, as well as on the fund's discretionary freedom. It is important that there is agreement between goal and instrument, Rob Bauer (Maastricht University), Charlotte Christiansen (Aarhus University) and Trond Døskeland write.
Their feature article Oljefondet og aktiv forvaltning: Følg Tinbergen-regelen! (in Norwegian) was published in Dagens Næringsliv on 7 January, 2022.