02.10.2013 - Shifting focus for Middle East sovereign funds, report says
Sovereign investors in the Middle East are piling increasingly into alternative investments like private equity and hedge funds as they bring more of their asset management expertise in-house, according to a new study. The report, conducted by NMG Consulting on behalf of the U.S. asset manager Invesco, brought together data from 37 sovereign investors globally, including sovereign wealth funds, pension funds and vehicles that focus on domestic economic development. It found that the Middle Eastís sovereign funds had 91% of their money in traditional asset classes...............................................Full Article: Source
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