State funds boost foreign teams in race for assets
Big sovereign investors in Asia are seen to be increasing the size and seniority of their overseas staff so they can seal deals quicker as Western funds take their own action.
Demand for private-market assets has increased sharply in the past year or so, forcing the big institutions to up their game amid fiercer competition. How? By deploying bigger teams and more experienced talent, says the Asia head of institutional business at a large fund house.
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