Global Sovereign Wealth Fund Assets Top $5T, Survey Shows

Law360, New York (October 10, 2013, 4:01 PM EDT) -- The global sovereign wealth fund industry has added more than $750 billion in assets over the past year, pushing the industry's aggregate capital over $5 trillion, according to a report released Thursday by industry analyst Preqin Ltd.

The U.K.-based consultant released its 2014 review of sovereign wealth funds that showed the industry's total assets grew from $4.62 trillion in 2012 to a whopping $5.38 trillion this year. That's the largest year-over-year growth since Preqin began tracking the industry in 2007.

Countries worldwide have launched 15 sovereign...
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