| Invesco compared the results of the Middle East study with research on global sovereign funds and found a marked difference in the behaviour of sovereign wealth funds in different parts of the world. Whereas Asian sovereign funds tended to be focused almost exclusively on returns, most of the Middle East funds had explicit or implicit development goals, such as supporting the domestic private sector or building skills in the job market.
The study also found that Middle East sovereign funds were able to pay their staff more than funds in other parts of the world. Thirty-eight per cent of Middle East funds said they were able to match private sector salaries compared to just 15 per cent of global sovereigns...............................................Full Article: Source
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