Sovereign Wealth Funds Investment Slows Sharply, Wall Street Journal Says

Sovereign wealth funds worldwide dramatically cut their investments in the first half of this year, the Wall Street Journal reported, citing a report by Monitor Group of the U.S. and Italy’s Fondazione Eni Enrico Mattei.

Investment for the first half of 2010 was $22 billion, a sharp drop when compared to the last half of 2009, when it was $58 billion, the newspaper said.

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.