Assets managed by sovereign wealth funds are likely to grow 8 percent this year to $5.2 trillion after a 9 percent increase in 2011, a new report showed on Wednesday.
Financial services representative body TheCityUK said assets managed by the world’s sovereign wealth funds (SWFs), which manage countries’ windfall revenues for future generations, rose for the third consecutive year to a record $4.8 trillion in 2011………………………………………..Full Article: Source