<p><span>The Economic Secretary to the Treasury delivered a speech at the Funds Congress on the UK Asset Management industry and its position as a global player.</span></p>
At the end of last year, there were 95 active sovereign wealth funds managing a combined $9trn of assets worldwide – an 8% increase on 2019. They make large investments in tech, services and life sciences, and they’re UK targeting trophy assets. David Prosser reports.