14.05.2013 - SWFs building up to go it alone
Some of the world's largest sovereign wealth funds (SWFs) are adding staff and bolstering internal infrastructure to boost their direct investing power, a report this month has claimed. Middle Eastern SWFs have been bringing in internal investment and operational staff "to increase their capacity to evaluate direct investment and co-investment opportunities," a report by consultants and auditors KPMG said. The authors added that the economic environment over the past couple of years had helped these gargantuan investors: "Ironically the fact that these people are available is for some part down to the global financial crisis."..............................................Full Article: Source
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