| Global crude prices are in the midst of a slump, squeezing the bottom lines of oil companies and petro-states around the world. So how do sovereign wealth funds (SWFs) cope in this environment? The asset management arms of many oil-producing countries around the world are worth a collective $7 trillion. Most SWFs, particularly those based in the Middle East, are notoriously secretive yet have a lot of weight—and cash—to throw around in global markets.
Meanwhile, they are regarded as patient, big-picture moneymakers: A working paper from the International Monetary Fund notes that SWFs sustained heavy losses in the 2008 crisis, but recovered them "by demonstrating their willingness to be long-term investors and riding out their financial turmoil."..............................................Full Article: Source
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