Market misery deals sovereign wealth funds historic setback in 2022 – study

Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever – and to the tune of $2.2 trillion , an annual study of the sector has estimated. The report on state-owned investment vehicles by industry specialist Global SWF found that the value of assets managed by sovereign wealth funds fell to $10.6 trillion from $11.5 trillion, while those of public pension funds dropped to $20.

Despite all the turbulence though, the money funds spent buying up companies, property or infrastructure still jumped 12% compared with 2021. A record $257.5 billion was deployed across 743 deals, with sovereign wealth funds also sealing a record number of $1 billion-plus “mega-deals”. Singapore’s supersized $690 billion GIC fund topped the table, spending just over $39 billion in 72 deals. Over half of that was piled into real estate with a clear bias towards logistics properties.

Source: News Formal (newsformal.com)

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