Norges Bank Investment Management (NBIM) is a money management firm based in Oslo, Norway. Established in 1998, its mission is to safeguard and build financial wealth for future generations. Norges Bank Investment Management manages the fund according to the management mandate laid down by the Ministry of Finance. The objective of the management is to ensure a high long-term return after costs. Their aim is to achieve this goal with acceptable risk, as a responsible investor, and through an efficient organization and transparent management. The firm is managed by the executive management team.