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Sovereign Wealth Funds Briefing - Categorized | Performance

Gulf SWFs expected to gain $134bln this year

Posted on 19 October 2009

From Business24-7.ae: Sovereign wealth funds (SWFs) of Gulf oil producers lost about $90 billion (Dh330bn) in 2008, but are expected to gain nearly $134bn this year following an improvement in crude prices, according to a key financial institution.

From nearly $724bn at the end of 2007, the combined assets of the four major SWFs in the GCC shrank to about $634bn at the end of 2008 because of losses suffered from the global financial turmoil, said the Washington-based International Institute of Finance (IIF)…………..Full Article: Source

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