29.03.2011 - Sovereign fund assets near US$4t
Assets managed by sovereign wealth funds around the world rose 11 per cent to reach US$3.98 trillion (US$1 = RM3.03) at the start of 2011, alternative assets research provider Preqin said. The proportion of state-backed funds investing in alternative assets is likely to rise further this year as they pursue higher returns and seek greater diversity, Preqin said in a release. “Following global economic stabilisation, many sovereign wealth funds that had delayed plans to diversify their holdings as a result of the economic downturn have now resumed these plans,” it observed...........................................Full Article: Source
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