Asset managers may benefit from active sovereign funds

12/12/2007 | MarketWatch

With a number of sovereign-wealth funds acquiring stock and companies at an unprecedented pace, U.S. asset managers are looking to get into the game. "A surge in global asset supply should intensify as markets deepen and greater capital mobility is encouraged," said Alex Patelis of Merrill Lynch. "This also represents incremental revenue for the global asset management industry from a sizable new client base."

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