I’m having trouble inserting graphics and links in comments, so my reply to tejanojim’s post on China’s sovereign wealth fund is here.
China’s $200 billion sovereign wealth fund — it’s not peanuts, but it’s also not enough to buy America. Apparently the Middle East and Singapore have a lot more liquidity to play with. I work in the land of money, and the most influential investor I know of, the one that makes executives slobber and quake, is CalPERS, the California public employee retirement fund. When I saw the chart below, the pension category was where I expected it to be, but I thought private equity would be a lot bigger.
Much more upsetting, which gets no publicity, is the manner in which oil is distributed and managed. Exxon, BP, & Shell don’t have a lot of oil. They’re just the biggest players subject to public scrutiny, and they pump a lot more because they are profit-driven and efficiently run (efficient compared to management by the Libyan government).
Holy crap, you have to go a long way down this 2006 list before you come to Exxon. Get me a windmill, I feel faint.
Also, check out the state’s cut of oil revenues.
Click the charts for their associated articles. Everything is within a year or two from The Economist.