Assets managed by sovereign wealth funds total almost $4tn worldwide, making 2010 the second year running in which they showed an 11% increase.
However, some countries were making withdrawals from their SWFs in 2010. Russia’s Reserve Fund, for instance, contracted to $25.4bn from $60.5bn over the year as a result of being used to balance the national budget, according to Preqin, an alternative assets research firm.
The global proportion of SWFs making alternative investments swelled over 2010, Preqin says, forecasting it will keep growing throughout 2011.
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