Sovereign Funds' Assets Fall to $3.8 Trillion in '09: Report

Summary


LONDON (Reuters) - Assets under management by sovereign wealth funds fell by 3% in 2009 to $3.8 trillion although they are set to increase to $5.5 trillion in the next couple of years, a London- based think tank said on Monday [March 1].

International Financial Services London also said that sovereign investment vehicles, such as pension reserve funds and development funds, held an additional $6.5 trillion, up 13% from the previous year.

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Sovereign Funds' Assets Fall to $3.8 Trillion in '09: Report

"In 2009 SWFs gradually started to regain their appetite for fo...

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