A couple of items to note for the Sovereign Wealth Fund trend-watchers out there.
First, a milestone of sorts. The Sovereign Wealth Fund Institute just reported that SWF assets have crossed the $4,000bn mark, put over the top by the latest updatefrom Norway’s Government Pension Fund Global. With the caveat that these estimates are bound to be somewhat imprecise, you can click here to see the updated rankings.
Second, from a new report by the Monitor Group, a summary of what these funds were doing in the first half of 2010, such as:
– investing more frequently but in smaller amounts
– cautiously returning to investments in North America
– diversifying further into natural resources and energy
– looking increasingly towards frontier markets
– Chinese and Singaporean funds remain the most active
The report contains a lot of detail and some wonderful chart porn if you want to dig deeper, but far more interesting to us is a discussion near the end of the paper about the reasons certain SWFs are increasingly raising funds from private markets.
A few recent examples:
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