| The assets up for grabs from sovereign wealth funds are vast. According to a May report from PricewaterhouseCoopers LLC, New York, called “U.S. Asset Management: Strategic Imperatives for Asset Managers,” wealth fund assets have jumped 59% since 2007 to $5.184 trillion as of Dec. 31, citing data from the Sovereign Wealth Fund Institute.
Continued asset gains will present what the report called “massive growth prospects” for money managers. The PwC report said the increase in sovereign wealth funds was one of five macro trends in money management along with demographic change, social and behavioral changes, changes in technology and increasing interconnectivity of emerging markets...............................................Full Article: Source
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