04.03.2010 - SWFs muscling in on funds business
From Reuters: Sovereign wealth funds (SWF), currently a big source of capital for private equity and hedge fund managers, may increasingly become their competitors as they seek to manage assets for outside investors. While external money currently accounts for just a small part of total assets of the wealth funds, state investors from Abu Dhabi and Singapore now view clinching mandates from pension funds and family offices as part of their business, putting them in direct competition with private sector managers...........................................Full Article: Source
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