GLOBAL - Total assets under management by sovereign wealth funds (SWFs) grew to US$3.5trn over the past year in the wake of a recovery in global equities markets, a report by Preqin revealed.
This represents a 9% increase from one year ago, when the figure stood at $3.2trn. However, some funds have been used by national governments to cover budget deficits and support financial insti...
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