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Sovereign Wealth Funds
Published in Investments & Wealth Monitor, November/December 2011

It has now become almost impossible to ignore sovereign wealth funds (SWFs). Despite the first SWFs (in Kuwait and what is now Kiribati) being founded in the 1950s, it wasn’t until the mid-2000s that the world took note. The boom in oil prices and world trade endowed a number of emerging economies with vast wealth, which they started deploying actively around the world through a number of new investment vehicles. At the height of the pre-crisis boom, coverage of SWFs became so frenzied that some commentators predicted that total SWF assets under management (AUM) would reach $12 trillion by 2015 and that these offers would surpass official reserves within five years. Read the article.