Middle East Trillions Force New Concessions From Wall Street

Middle East Trillions Force New Concessions From Wall Street

Via Heather Perlberg, Matthew Martin, and Nicolas Parasie in bloomberg.com: Sitting atop nearly $4 trillion and acutely aware of their importance to Western capital markets, the Middle East’s biggest state-controlled funds are increasingly asking asset managers what they’ll do in return for an investment. These firms are being urged — and at times required — to have more gatherings in the Gulf, set up local offices and bring more people to live and work in the area.





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