Tuesday, July 1, 2008

SWFS KEEP MUM

Much has been made of the role sovereign wealth funds might play in the future of the fund management industry; their representatives will be some of the most popular delegates should they happen upon any of the Fund Forum's many networking events.

In fact, it looks like a bit of doorstepping is the only way managers will hear the thoughts of the new power brokers on the investment scene.

Word is that officials from the Abu Dhabi Investment Authority - which controls around $1 trillion in assets - were offered the moon on a stick (well... free entry to the conference at least) in return for taking a podium spot for a panel session. They refused... preferring to shell out the £5k or so from petty cash for the luxury of remaining relatively incognito.

Perhaps today's debate on the myths and realities surrounding the state run funds will rouse them to their feet?

No comments: