24.11.2014 - Sovereign wealth fund acquisitions surge as confidence returns
Sovereign wealth funds are buying up assets this year at their fastest rate since the financial crisis as these state-run pools of assets regain the confidence lost when big punts on western banks turned sour, Thomson Reuters data shows. Thomson Reuters data shows sovereign wealth funds, which invest windfall revenues from oil and other exports for future generations, were involved in deals worth $40 billion (25.55 billion pound) in the first nine months of 2014, the highest rate since 2007. The money was spent across 79 transactions – the highest number since 2008 – with real estate and infrastructure dominating the deal flow.........................................Full Article: Source
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