| Sovereign wealth funds, which have traditionally taken a low profile, have become increasingly prominent in recent years. Assets under management in sovereign wealth funds increased 9% last year on 2010, up from $4.2 trillion to $4.8 trillion.
In comparison, hedge funds worldwide manage $1.8 trillion in assets, while private equity firms control $2.6 trillion. The value of assets controlled by sovereign wealth funds are also roughly double those in UK pension funds, which Towers Watson, the professional services firm, put at $2.4 trillion earlier this week...............................................Full Article: Source
|