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Opalesque Exclusive: As assets swell in Mideast SWFs so does interest in alternative investments From Kirsten Bischoff, New York: Boston based research firm Cerulli Associates shared with Opalesque their research into the universe of Sovereign Wealth Funds (SWFs) as the growing assets of these funds increase the need for further manager outsourcing.

Worldwide, SWFs are currently estimated to control assets of $3tln with approximately 44% of these funds currently being outsourced to external managers. As assets of SWFs are projected to grow to $10tln by the next decade, their managers are looking to alternative products for ways to increase returns.

While Mideast SWFs are placing large stakes in multinationals and stepping in to bail out a number of the world’s largest financial institutions the buzz surrounding them grows. The February issue of the Cerulli Edge Global Edition series provides further insight into the external manager selection, asset allocation, and reporting requirements of these financial behemoths.

Mideast SWF assets Sourced mainly by the vast profits of oil reserves, the assets of the Mideast SWFs are estimated to be $1.47tln, dwarfing SWFs of other regions, and the management of approximately $940bln of these funds is currently handled by third party managers.

Believed to be the largest of any sovereign wealth fund, Abu Dhabi Investment Authority (ADIA) is......................

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