25.04.2011 - Sovereign wealth fund design up for grabs
Sovereign wealth funds have enjoyed a meteoric rise, shrugging off the global financial crisis thanks to soaring commodity prices. The value of assets held by these government-controlled monoliths leapt 11 per cent to $US4.2 trillion last year - almost double all private equity holdings. The sector's value is tipped to hit $US5.5 trillion next year and $US10 trillion by 2015. Among the countries that have gone down this path there is a recurring theme - commodity wealth. From the $US38.6 billion Kazakhstan National Fund to the $US627 billion Abu Dhabi Investment Authority, the trend was led by oil-rich states from the 1950s..............................................Full Article: Source
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