31.03.2011 - London is king of sovereign wealth funds
London is in "pole position" to attract a growing share of sovereign wealth fund investment, according to a new report. Estimating that SWFs held assets worth a record $4.2tn (2.98tn) under management in 2010, TheCityUK calculates that this figure could reach $5.5tn (3.9tn) by the end of 2012 as the global recovery spurs increases in commodity demands. It labels London in particular as an important centre for potential growth for sovereign wealth funds, arguing it is a location favoured both for clearing houses and for the managing of SWFs.............................................Full Article: Source
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