SWFs face illiquid asset limits, end to swift growth

Sovereign wealth funds (SWFs) have come to the end of their rapid growth, and many are approaching the limit of how much they can invest in illiquid assets such as private equity and property, says a new report that State Street Global Advisors (SSGA) will release today. The US fund house argues that this change in landscape has big implications for global asset allocation and could mean a shift back into fixed income at the expense of alternatives, reversing a trend of recent yea…