11.03.2011 - Five facts about sovereign wealth funds that will 'blow your mind'
From Businessinsider.com: Well, I’d probably turn to the sovereign wealth fund community. It turns out that this sector is sitting on a whopping $4 trillion in assets under management (well, $3.98 trillion, according to Preqin, but who’s counting, right?). Meanwhile, the latest estimate for the global hedge fund sector is a paltry $2.47 trillion … and this is the result of a “comeback” for this beleaguered corner of the alternative investment industry. What is interesting is that the sovereign wealth fund space was able to overcome some incredible odds to post 11 percent year-over-year growth in 2010, including the raiding of the Russian fund to fix a budget shortfall..............................................Full Article: Source
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