| 11 Mar 2010 |
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Sovereign Wealth Funds Total Assets Grow to $3.51 Trillion
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Market Recovery in 2009 Helps Some Funds to Increase AUM;
Others Subject to Government Withdrawals
Key facts on sovereign wealth funds:
• The aggregate total assets under management of all sovereign wealth funds currently stands at an estimated $3.51 trillion, representing a 9% increase from one year ago, when the figure stood at $3.22 trillion.
• One of the largest increases in total assets came at Norway's Government Pension Fund - Global, which reported returns in 2009 of over 25% and now has well over $400 billion in assets under management.
• One of the largest decreases in total assets came at Russia's Reserve Fund, which has more than halved in size over the past year, with total assets now standing at around $60 billion. Reserve Fund has been subject to withdrawals by the Russian government to assist in covering the federal fiscal deficit.
• Sovereign wealth funds based in Asia control 40% of the aggregate total assets of all sovereign wealth funds. Those based in MENA control 35%, and Europe-based SWFs manage 19%.
• Nearly 80% of all SWFs are known to invest in public equities, and a similar number invest in fixed income. Sovereign wealth fund activity in alternative asset classes is considerable, with 55% known to invest in private equity, 51% in real estate, 47% in infrastructure and 37% in hedge funds.
"The increase in the aggregate assets under management of sovereign wealth funds, which has been assisted by the start of the global recovery, demonstrates that their collective influence in the world of institutional investors has not diminished. Many SWFs that had put portfolio diversification plans on hold are now considering resuming these plans, and their appetite for alternative investments continues to increase."
Sam Meakin - Managing Editor of the 2010 Preqin Sovereign Wealth Fund Review.
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About the 2010 Preqin Sovereign Wealth Fund Review:
The 2010 Preqin Sovereign Wealth Fund Review is the newest publication from Preqin, featuring comprehensive information on all aspects of investments made by sovereign wealth funds. It includes specific analysis on sovereign wealth fund activity in public equities, fixed income, private equity, real estate, infrastructure and hedge funds. It also contains for all 60 sovereign wealth funds worldwide.
For more information, please visit: www.preqin.com/swf
About Preqin:
Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and bespoke data requests. Preqin has built a reputation in the alternative assets industry for providing the most comprehensive and extensive information possible. Leading alternative assets professionals from around the world rely on Preqin's services daily, and its data and statistics are regularly quoted by the financial press. For more information, please visit: www.preqin.com
• Please note that Preqin has completely replaced Private Equity Intelligence as the official company name.
• Preqin is spelled without the letter 'U' after the 'Q'.
For more information, please contact
Sam Meakin
+44(0)20 7065 5172
smeakin@preqin.com
For general press enquiries, please contact
Tim Friedman
+44(0)20 7065 5180
tfriedman@preqin.com
London:
Scotia House, 33 Finsbury Square,
London EC2A 1BB
Tel: +44 (0)20 7065 5100
New York:
230 Park Avenue, 10th floor,
New York NY 10169
Tel: +1 212 808 3008
Web: www.preqin.com / info@preqin.com
© Press Release 2010
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