Comment & Analysis
Hedge Funds & Alternative Investments
Sovereign wealth
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Asset managers suffer as oil funds withdraw cash
Global asset managers are facing a double hit to their fees, as sovereign wealth funds withdraw billions to support their oil-dependent economies — and switch to a cheaper in-house investment approach. A collapse in the price of oil since June 2014 is taking its toll on the investment management industry,…
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Click here to read the full story: The Financial Times