21.07.2009 - Sovereign wealth funds suffer sharp falls
From Thepeninsulaqatar.com: The financial clout of sovereign wealth funds has been savaged by the credit crisis as the value of their assets has plunged and forecasts for their growth have been dramatically scaled back. Assets under management at the end of the first quarter were estimated at $3,000bn - some $600bn less than at the end of 2007 - as the collapse in equities, real estate and other securities hit funds' holdings, according to Deutsche Bank........Full Article: Source