By Natsuko Waki
LONDON, Aug 4 (Reuters) – As the world emerges from financial crisis, a new generation of sovereign wealth funds is set to be born, and it may act as a catalyst for the recovery of global markets.
An estimated $3 trillion is currently parked in state-owned funds which manage nations’ windfall earnings from sources such as oil, commodities and trade surpluses. Newly established funds could help to double that figure in coming years. (more…)