Sovereign Funds Rethink Bank Investments in Potential Rate Rise Scenario

new york asset management

Banks and other financial institutions have been plagued with more stringent regulatory burdens, piling legal expenses and growing competition from non-traditional lenders like Prosper, Upstart and Lending Club. Two subsets of the financial sector are the asset management and insurance industries. Wealth funds have been investing in these industries for quite some time, building up larger positions in select companies. Recent data from SWFI’s Sovereign Wealth Fund Transaction Database shows that Norway’s massive wealth fund boosted holdings in financial institutions like U.K.-based Prudential Plc and Lloyds Banking Group. Prudential is the United Kingdom’s biggest insurer by market value. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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