| From Upstreamonline.com: US fund company State Street Global Advisors said today that it had identified 37 major sovereign wealth funds across the world worth $3 trillion, of which more than two-thirds came from oil and gas interests.
All of the 37 had at least $3 billion in assets and eight had more than $100 bilion, it said. SSGA said its study of the companies, many of which it does business with, showed about 70% of the wealth held by the state-sponsored funds came from oil and gas revenues. Only 13 of the 37 SWFs were not based on commodity wealth.........................................Full Article: Source
|