Maduell on CNBC: We Estimate Sovereign Wealth Funds Spent $14 Billion in Asset Manager Fees
Sovereign wealth funds utilize external managers for a variety of reasons. 37% of sovereign wealth fund assets are managed externally, according to a recent SWFI estimate. Some US$ 2.755 trillion is being managed by external parties out of a total of US$ 7.367 trillion. 63% of assets are invested directly. Recent direct deals include an investment consortium buying LeasePlan Corporation and the China Investment Corporation’s bid for Investa Property Group.
Source: CNBC Africa
This is an interview on Business Tonight, between Michael Maduell, President of the Sovereign Wealth Fund Institute and CNBC Africa.
Date: July 23, 2015
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