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Sovereign Wealth Funds Briefing - Categorized | Research, Trends

Sovereign Funds Liquidating Assets Increases Pressure on Global Economies

Posted on 12 January 2016

Tumbling oil prices are affecting more than just energy firms. The ripple effect has now hit global asset managers, as governments in the Gulf and beyond – short on cash – are withdrawing billions of dollars, the Financial Times recently reported.
State institutions withdrew at least $19 billion in the third quarter, mostly to close the gaps in national budgets and reduce borrowing, the piece stated – with more money is expected to be withdrawn in the coming months. Moreover, the Wall Street Journal reported that sovereign-wealth funds yanked roughly $100 billion from asset managers in the six months to Sept. 30………………………………………..Full Article: Source


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