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Alternative Market Briefing

Despite falling oil and commodities, SWFs assets grew $900bn to reach $6.31tln in Q1

Friday, April 10, 2015

Komfie Manalo, Opalesque Asia:

The majority of sovereign wealth funds globally have increased their assets under management by $900bn over the last 18 months from $5.38tln in October 2013 to $6.31tln in March 2015. This is despite falling commodity and oil prices, which many of these institutions rely on for funding, said data provider Preqin.

Amy Bensted, head of hedge fund products at Preqin, said, "Sovereign wealth funds, despite being small in number and secretive in nature, continue to capture attention due to their ever growing assets under management and their corresponding influence on global financial markets. While these institutions have significant investments in traditional public equity and fixed income markets, sovereign wealth funds are a growing source of capital to alternative asset fund managers and investments across the globe."

70% of SWFs invest in at least one alternative asset class

Preqin said that the growth in assets has been driven by continued funding from governments and reserves, as well as from investment returns. Alternative assets are also becoming an important part of these institutions’ portfolios, particularly as they seek to diversify their portfolios and acquire assets that can generate yield and help meet their long-term objectives.

Bensted added "The influence of sovereign wealth funds in undeniable. These firms now manage over $6.3tln in assets,......................

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