After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again.
"[Funds] are researching deals and trying to get things lined up," says R.P. Eddy, CEO of Ergo, a research firm that advises some of the world's biggest sovereign wealth funds. "They're standing on the edge of the pool and waiting to see who's going to jump in first."
Sovereign wealth fund managers have reason to be hesitant. A notoriously secretive bunch with an estimated $3 trillion in assets, they have received unwanted attention over the last couple of years for making public missteps.
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