Big Take Podcast
‘You Have the Money, You Can Make the Rules’: A New Era of Middle East Wealth
It used to be one of the most profitable corners of the investment industry. Listen to the Big Take to find out why the dynamics in the region are shifting.
High-rise buildings in the Al Reem district of Abu Dhabi, United Arab Emirates.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
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The sovereign wealth funds of the Persian Gulf used to be relatively easy places for US firms like Blackstone and Goldman Sachs to raise money. But recently, the power dynamics between Wall Street and Middle Eastern wealth fund managers have been shifting.