02.02.2016 - 10 things you probably don't know about sovereign wealth funds
Sovereign wealth funds are massive investment vehicles with trillions of dollars in assets. However, these wealth giants are little known and less understood than other types of investments vehicles. We've assembled 10 facts to help you figure out what sovereign wealth funds are all about. Check them out below. The Kuwait Investment Authority was the first sovereign wealth fund ever created. In light of the discovery of oil, this fund was established in 1953 to invest excess oil revenues. One of the largest wealth funds in the world, it is estimated to have over $592 billion in assets...............................................Full Article: Source
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