04.11.2013 - Sovereign wealth funds: The Cyprus link
Of the 20 biggest sovereign wealth funds, 12 are based on revenues from the oil and gas sector that are invested in other sectors, with Norway’s Government Pension Fund topping the list at 785.2 bln dollars in assets. Next is Saudi Arabia’s SAMA Foreign Holdings with 675.9 bln, followed by the UAE’s Abu Dhabi Investment Authority with 627 bln dollars in assets. The rest, according to the Sovereign Wealth Fund Institute’s rankings of funds, are a mix of oil and gas-based revenues, minerals and commodities (diamonds, copper, etc.), and non-commodity based investments such as the China Investment Corporation ($575.2 bln in assets) and the Government of Singapore Investment Corporation ($285 bln in assets). The smallest sovereign wealth fund is the Ghana Petroleum Funds with 70 mln dollars in assets. To date, there are 73 sovereign wealth funds....................................Full Article: Source