2022 was one of the most difficult years for State-Owned Investors (SOIs) in recent history. The total asset under management has reached $32.4 trillion as on December 31, 2022.

According to Global SWF's 2023 annual report, 2022 was the first year ever that Sovereign Wealth Funds (SWFs) shrank in value. The scale of the drop is debatable as most SWFs report s