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Bhisham Manraj By Beverly Chandler, Opalesque London:
Participants at The Opalesque Gulf Roundtable, sponsored by Van Eck Global and Eurex, commented on the increasing sophistication of sovereign wealth funds (SWFs) in the region.
Bhisham Manraj, Head of Middle East and North Africa, Sovereign Wealth Funds - FICC Solutions, Bank of America Merrill Lynch, believes there are interesting opportunities available for MENA based investors. "The fact that they can deploy significant amounts, can commit long term capital and in the specific case of sovereign wealth funds and family offices, the fact that their capital is not subject to regulations like Basel and Solvency II puts them in a unique and favorable situation in the current global investment landscape".
In terms of assets under management, Manraj explained that the total assets under management of all SWFs globally is today estimated at around USD $4.6trillion, according to a recent Preqin study. "This is of course an estimate as most
sovereign wealth funds do not disclose their AUMs, liabilities or investment strategies. While most of them are active
in the fixed income and equity space which they manage internally and externally through specialized portfolio
managers, I believe that going forward we will see i...................... To view our full article Click here
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