Investment banks sponsor leveraged buyout funds of funds in two varieties: so-called feeder funds, which invest in a single investment manager, or multiple-manager buyout funds.
Asset managers including BlackRock and Blackstone, which invest money for wealthy countries and individuals, also have close ties to the kingdom.
"Whether rightly or wrongly, Jacques Nasser had become a lighting rod for many of Ford's problems, and moving past his tenure will help this new team attack the new problems," said Jim Benson, an auto analyst and fund manager for the Oakmark Funds, which invest in Ford.
In that role, Summers was a leader of the Emerging and Diverse Manager business, which invested over $2 billion with minority- and women-owned firms.
Its fund of hedge funds, Blackstone Alternative Asset Management (BAAM), which invests money with various hedge-fund managers, has $30 billion under management.
Astor runs fund manager Long Harbour, which invests in residential freeholds, and is also director of HomeGround management, which administers freeholds on behalf of various landlords, including the Adriatic Land vehicles.
Astor runs the fund manager Long Harbour, which invests in residential freeholds, and is also director of HomeGround, which administers freeholds on behalf of various landlords, including the Adriatic Land vehicles.
Another longtime fund manager described Gotham, which invested in small and medium-size technology companies, as a debacle.
"Almost across the board, technology spending appears to be extremely robust and healthy," said Michael Manns, senior portfolio manager at American Express Asset Management, which invests $7 billion.
"It's hard to believe they're going to complete the merger with Sibneft against everyone's wishes," said Harvey Sawikin, a money manager with Firebird Management, which invests in Russian equities.
