IMA welcomes the International Forum of Sovereign Wealth Funds to London
The Investment Management Association (IMA) – the trade body for the UK’s asset management industry – has welcomed the news that the International Forum of Sovereign Wealth Funds (IFSWF) is to relocate its Secretariat in London, the world’s most international market for investment management. The UK is the second largest asset management centre in the world, after the US, with £5.2 trillion assets under management* on behalf of UK and international investors.
IMA Chief Executive, Daniel Godfrey, said:
“We’re delighted that the IFSWF Secretariat will be moving to London, which will help to enrich and expand the international voices and viewpoints represented in our financial centre.
“Many sovereign wealth funds already appoint UK-based investment managers and this move will help to strengthen the collaboration between sovereign funds and UK investment managers.
“At the IMA, we look forward to working with the IFSWF on matters of mutual interest, such as long-term investment and the role of asset managers and owners in supporting long-term and sustainable wealth creation to the benefit of both end investors and economies.”
In 2013 the UK Government launched the Investment Management Strategy to promote the UK as a global centre for investment management expertise. The Government has been working closely with the industry to promote the UK as a fund-domicile and highlight the calibre of talent available to other growing investment management centres.
Notes:
*As at 31 December 2012, £5.2 trillion in total assets was managed by the UK asset management industry.
