| Global money managers are losing some of their most reliable client assets as the stubbornly low oil price continues to take a toll on the world's largest sovereign wealth funds. Sources with knowledge of sovereign wealth funds and their assets said the price of oil — which hovered around $30 a barrel as Pensions & Investments went to press — will affect funds in different ways because of their varied objectives.
Development funds, for example, are unlikely to redeem assets, sources said, while stabilization funds that are designed to cover fiscal deficits may be tapped by governments to plug the gap...............................................Full Article: Source
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