Market misery sets sovereign wealth funds for historic setback in 2022 – study

As Russia invaded f Ukraine pushed up commodity prices and pushed up already rising inflation to year high. In response, the Federal Reserve and other major central banks raised interest rates, leading to a sell-off in global markets.

“These are paper losses and some of these funds will not see their role as long-term investors fulfilled,” López said. “But it says a lot about the moment we live in.”