| They're the largest and most secretive investors in the world but after decades of investing billions in bonds, shares and hedge funds, these investors are now turning into sellers and redeemers. Sovereign Wealth Funds, which control around $US7 trillion of assets largely created out their nations vast mineral riches, are drawing down on their financial wealth as resources decline creating a potentially vicious feedback loop for financial markets.
Last month the Financial Times reported the Saudi Arabia's sovereign fund, SAMA, had declined by $US73 billion hitting several funds with large redemptions, as the fourth largest fund sovereign fund shrunk by one tenth...............................................Full Article: Source
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