Oil Has Sovereign Wealth Funds Hitting Sell Button
by Jess Delaney

“For a long time some sovereign funds haven’t had to worry about drawdowns, they’ve just had to continue to expand,” Patrick Schena, co-head of the Network for Sovereign Wealth and Global Capital [SovereigNet] at Tufts University’s Fletcher School. “In some respects, they have grown to a point of outgrowing their original liquidity needs for stabilization. That has informed changes in the way they allocate assets.”

Read the full article, featuring quotes from Prof. Pat Schena, in Institutional Investor