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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Sovereign-Wealth Funds Oppose Asset Manager ‘Super-Profits’

Posted on 01 October 2015

Sovereign-wealth fund chiefs who manage hundreds of billions of dollars say outsize fees charged by the finance industry have lowered their investment returns and created “super-profits” for a few asset managers.
Representatives of funds including the Abu Dhabi Investment Authority, China Investment Corp. and the New Zealand Superannuation Fund gathered in Milan Wednesday for the annual meeting of the International Forum of Sovereign Wealth Funds, where investors share information and ideas………………………………………..Full Article: Source


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