Pushing back
How Apollo and Blackstone are now wooing Gulf sovereigns
Saudi Public Investment Fund, Abu Dhabi’s Mubadala and the Qatar Investment Authority are pressing for changes from global asset managers
Blackstone CEO and Co-Founder Steve Schwarzman (Getty Images)
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A new level of assertiveness by sovereign wealth funds is changing the way some of the world’s biggest money managers are seeking investment from the Gulf. Apollo Global Management, Blackstone, BlackRock and others are being urged and sometimes compelled...