| From Efinancialnews.com: A handful of investment banks have taken the lion’s share of advisory work on behalf of sovereign wealth funds since 2005, according to new data, which indicates many banks are still struggling to pick up fees from the asset class despite its explosive growth.
According to Thomson Reuters, in the past five years Morgan Stanley and Goldman Sachs have worked on double the number of mergers and acquisitions deals on behalf of state-owned investment funds that their nearest rivals have, and have a combined market share of a quarter of the market by value.............................................Full Article: Source
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