Just keeping an eye on them. Sovereign Wealth Funds.
2013 as a milestone year of SWFs acquiring companies and assets.
According to the Sovereign Wealth Fund institute’s proprietary transaction database.
2012 Transactions amounted to US$65.09 billion a drop from 2011’s US$90,04 billion.
2013 has set a record of US$ 174.73 billion in direct sovereign Wealth Funds transactions.
They are well on the way to hit $ 7 trillion mark.
The investment strategies of SWFs is changing ,to a more direct Investment tactics from acquiring manufacturing companies to farmland in Australia.
See my blog; OK LET’S ASK SOME QUESTIONS ABOUT SOVEREIGN WEALTH FUNDS.
Virtual reality has an unexpected new champion, as Facebook announces it has bought Oculus VR for $400 million cash and 23.1 million Facebook shares, plus another $300 million in potential bonuses. Not bad for a company that first shot to fame with a Kickstarter campaign for the Oculus Rift headset.