“As they develop and improve their record then we add to their FUM. Matt’s been a beneficiary of that, John and Charlie have been beneficiaries of that.”
Over the last few years, however, Sevior’s FUM has only decreased.
01/02/2008
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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