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Sovereign Wealth Funds Briefing - Categorized | Trends

With commodities caught in a down cycle, wealth funds have their work cut out

Posted on 12 October 2015

The job of Norway’s $820 billion sovereign wealth fund, the largest of those that confess up to the amount of assets in their care, is to prepare for the day when the oil money stops rolling in. Such a day may arrive sooner than expected as, while the country still has ample reserves of crude, the collapse in its price has slowed the cash to a trickle, a mere $2 billion in the first half of this year.
Adjustments to Norway’s holdings, which include a noticeable percentage of the world’s stock markets, will have to come from reinvesting dividends and coupons, its manager said. Norway does not have to sell assets, yet. Saudi Arabia has redeemed tens of billions of dollars from fund managers………………………………………..Full Article: Source


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