| Yield-hungry pension funds and sovereign wealth funds are stepping in where crisis-hit, regulation-laden banks are pulling back: lending to cash-starved businesses. Pension funds hold more than $30 trillion of assets and sovereign wealth funds some $3-5 trillion, meaning that even a small shift to lending could help fill some of the gap left by bank deleveraging.
The sovereign wealth fund industry, which manages windfall revenues for future generations for countries from Norway to Abu Dhabi, has been hit by the financial and debt crisis and is turning to lending as part of its efforts to diversify...............................................Full Article: Source
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