Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Sovereign funds stop for nothing Add to ...

Nothing gets in the way of growth of sovereign wealth funds, not even deficits in sponsor countries.

Assets in sovereign wealth funds rose by 9 per cent last year to $3.51-trillion, even overcoming withdrawals by some governments like Russia to plug big budget holes.

Numbers from consultant Preqin show that one of the largest increases in total assets came at Norway's Government Pension Fund - Global. It posted returns in 2009 of over 25 per cent and now has well over $400-billion in assets under management, Preqin said.

At the other end of the spectrum is Russia's Reserve Fund. It is less than half its former size, with total assets now standing at around $60-billion.

Asia dominates, with funds in the region controlling about 40 per cent of the aggregate total assets of all sovereign wealth funds, Preqin said.

Report Typo/Error

Next story




Most popular videos »

More from The Globe and Mail

Most popular