Financial institutions weigh up business opportunities
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

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?

David Blumer, Credit Suisse

"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; they are still figuring out their mandates," says Joyce Chang, head of emerging markets research at JPMorgan. "Some are still developing their investment mandates, which need to be clarified before Wall Street can fully engage them as clients."

Gift this article