December 2007

Financial institutions weigh up business opportunities

The proliferation of sovereign wealth funds is an opportunity and challenge for investment banks and asset managers.


Sovereign wealth funds: The new rulers of finance 

Getting the basics right
Fight on for Aussie’s future prizes
Temasek: A fund apart?

"We would like to see Korea National Pension Service making the most efficient use of its assets"
David Blumer, Credit Suisse

The opportunity is clear: potential business. "Sovereign wealth funds play a big role in the Middle East and Asia and they are raising their profiles as serious global players," says Michael Philipp, chairman of Europe, Middle East and Africa at Credit Suisse, although he adds that: "They still have not yet had the impact of other classes of investors, such as private equity or hedge funds."

The challenge is that, as many of these funds are new and as more crop up, it will take time to understand what their investment strategies are.

"Many of these funds haven’t quite decided how they will be set up;...


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