LONDON (Reuters) - 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, which analysed 455 state-owned investors with a combined $32 trillion in assets, found that Denmark’s ATP had had the toughest year anywhere with an estimated 45% plunge that lost $34 billion for Danish pensioners. …
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