In short order, the image of sovereign wealth funds went from global predator to high-profile patsy. Several of these huge, government-created investment pools bet billions of dollars on big-name financial institutions and other marquee concerns and notched equally large losses in the aftermath of the 2008 crisis. Then news pretty much stopped.
A new study by London-based research group Preqin Ltd. shows that the total value of sovereign wealth funds at the end of March topped $4.62 trillion, a more than 50% increase over 2008. That jump comes after a fairly static two years. At this time last year, sovereign wealth funds totaled a bit less than $4 trillion, Preqin estimates.
The study serves as a stark reminder that sovereign wealth funds remain a powerful force globally. That potency, many analysts maintain, will only increase over time.
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