• Political and “public good” goals rank high on the agenda of government-owned money managers.  Special interests, preservation of power, and economic development goals can all be part of government investor agendas at city, state and federal levels. Such investors may have defined public service goals, e.g., invest in companies in their home state or support minority owned businesses.  Similarly, sovereign funds in the Middle East look for ways  to invest locally in industries that decrease their dependence on the energy sector.  Yet, we see few money managers that specifically target the unique needs of these public or quasi-public managers on these dimensions.