Saturday, May 26, 2007
Short and sweet today. Barron's had a write up on something I mentioned the other day that came from FT Alphaville about Sovereign Wealth Funds.
Some numbers from Barron's;
UAE $875 billion (I can't believe the number is so big)
Singapore (GIC) $330 billion
Norway $312 billion
China $300 billion
Saudi Arabia $300 billion
Singapore (Temasek Holding) $100 billion
Kuwait $70 billion
Australia $40 billion
Alaska (pictured here) $35 billion
Russia $32 billion
This represents a lot of capital, that is still growing, that has been deployed and will be deployed in the future. Keep in mind these numbers are not the treasuries of these countries but money set aside for investment.