Thursday, 18 April 2019

Brexit stalls investments by sovereign wealth funds in Britain - Reuters

Brexit stalls investments by sovereign wealth funds in Britain - Reuters:

Britain has long been a favoured playground for sovereign wealth funds from around the world to snap up glitzy skyscrapers, banking stakes and posh department stores.

However, uncertainty over Britain’s tortuous exit from the European Union has put many new investments on ice, say sources close to the funds.

Last year, there was a sharp drop in investments by wealth funds via private equity, with deals falling more than two-thirds from 2017 to $3.82 billion (£2.94 billion), according to PitchBook, a data and research firm.

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