Fund houses must turn to frontier SWFs amid insourcing trend
They are urged to court sovereign wealth funds in frontier markets as established players increase in-house expertise. All the same, SWF volumes have tripled in five years.
Fund managers are being urged to spend more time courting sovereign wealth funds in frontier markets amid a growing trend for established state entities to insource asset management.
A proliferation of SWFs are emerging in resource-rich nations that may only recently have started to exploit their mineral bounty, said Chris Wright, consultant for Cerulli Associates, speaking at last week’s Fund Forum Asia 2012 conference. He cited examples as East Timor, Papua New Guinea, Mongolia,…
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