Sovereign funds will grow in size and number, says Northern Trust

Though they represent a relatively recent phenomenon, sovereign wealth funds have quickly proliferated, with Asia host to the largest pool of state investment capital. And that is likely to grow, not only due to asset-value appreciation, but also to increasing contributions to existing SWFs and new ones being set up. So say Wayne Bowers and Kevin Hardy, respectively London-based global chief executive and Hong Kong-based Asia-Pacific head at Northern Trust Global Investments. There's …