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Sovereign wealth funds boost their assets

Sovereign wealth funds boost their assets

Sovereign wealth funds have increased their assets from US$5.38trn (£3.61trn) in October 2013 to US$6.31trn (£4.22trn) in March 2015 despite falling commodity and oil prices, according to a review by research firm Preqin.

Amy Bensted, head of hedge fund products for the firm, said: “This growth has been in the headwind of falling oil prices, one of the main sources of funding for these institutions.

“Furthermore, many sovereign wealth funds have been growing their exposure to alternative assets, with 60 per cent of these firms now having exposure to real estate and infrastructure investments.”