21.04.2016 - Commodities slump stalling sovereign wealth growth
Sovereign wealth funds in commodities economies are being forced to sell off assets to manage government deficits, slowing growth for the sector. The 2016 Preqin Sovereign Wealth Fund Review shows that while assets held in sovereign wealth funds collectively grew by $200 billion to hit $6.51 trillion in the year to March 2016, this growth was significantly slower than in previous years. According to Preqin premium publications manager Selina Sy, growth has been hampered largely by sovereign wealth funds in oil-producing nations "fulfilling their function by providing for budget deficits in more challenging economic periods." In some cases, funds like this saw their assets under management more than halved as a result...............................................Full Article: Source
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