Sovereign fund sell-off seen raising portfolio risks

Oil-based sovereign wealth funds are making their portfolios more vulnerable to future shocks in their scramble to meet their governments’ short-term cash needs, according to a report by research house Preqin.  The study also points to growing opportunities for alternative investment managers, as the number of SWFs allocating to alternatives continues to rise and the overall AUM held by state funds globally has swelled despite last year’s volatility. Many sovereign funds are set…