11.03.2010 - Sovereign funds stop for nothing
From Theglobeandmail.com: Nothing gets in the way of growth of sovereign wealth funds, not even deficits in sponsor countries. Assets in sovereign wealth funds rose by 9 per cent last year to $3.51-trillion, even overcoming withdrawals by some governments like Russia to plug big budget holes. Numbers from consultant Preqin show that one of the largest increases in total assets came at Norway’s Government Pension Fund – Global. It posted returns in 2009 of over 25 per cent and now has well over $400-billion in assets under management, Preqin said.............................................Full Article: Source
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