22.02.2011 - Money managers may partner with SWFs to grow in developing markets
From Pionline.com: In the latest tactical maneuver to gather assets from the Middle East, Mesirow Financial Holdings Inc., announced plans earlier this month to form a money management firm with Mubadala Development Co., Abu Dhabi, a sovereign wealth fund with about $15 billion in assets. “The view of most asset managers looking to access the region is to have sovereign wealth funds as clients,” said Gary Klopfenstein, senior managing director and head of currency management at Mesirow, a Chicago-based financial services company with about $51 billion in assets under management at year-end 2010, about half of which come from overseas clients including SWFs..............................................Full Article: Source
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