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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,...................... To view our full article Click here
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