Analysis: Sovereign funds' fortunes turn as emerging assets sour

LONDON (Reuters) - The world's biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns.

Sovereign Funds’ Spending Rebounds in Quarter, Institute Says

Sovereign wealth funds’ direct investments picked up in the fourth quarter from a year earlier, signaling a rebound after spending dropped to a six-year low in 2012, the Sovereign Wealth Fund Institute said.