07.04.2016 - Sovereign wealth fund deals down 17 pct in first quarter
Sovereign wealth funds made $19.2 billion worth of overseas acquisitions in the first quarter, down almost 17 pct from the previous quarter but rebounding from $4.8 billion a year earlier. Thomson Reuters data showed that SWFs, which invest windfall revenues from oil and other commodities for future generations, were involved in 46 deals, down five from the previous quarter. Industry experts said this did not represent a meaningful drop off. "The number of deals is a little more indicative than the value, which can fluctuate depending on what's on offer," said Elliot Hentov, head of policy and research in the official institutions group at State Street Global Advisors...............................................Full Article: Source
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