26.03.2013 - Sovereign funds increase energy and utility sector investments in the first quarter
For the first quarter of 2013, sovereign wealth funds have come out strong investing directly in energy and utility investments. Direct transaction data for the first quarter of 2013 is not fully complete; the total so far for the first quarter of 2013 is US$ 2.98 billion. Already the direct transaction amount for this quarter is greater than fourth quarter 2012ís total of US$ 810 million. This is the highest quarterly transaction total in the energy and utility sector since the first quarter of 2012 which amounted to US$ 4.37 billion. Sovereign fund direct investments in energy tend to be opportunistic such as investing in distressed situations...............................................Full Article: Source
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