02.10.2009 - SWFs moving away from pensions role
From Globalpensions.com: Many sovereign wealth funds did not rebalance in the wake of the financial crisis, suggesting their roles as pension providers has lost importance, one expert said. BNP Paribas Investment Partners head of central banks, supranational institutions and sovereign wealth funds Gary Smith said as the asset pools controlled by national wealth managers has shrunk, the priority has been to use these schemes as national stabilization funds, rather than pension funds.................Full Article: Source