Sovereign wealth funds in Asia and the world are more cautious about private assets and looking to target their holdings more carefully, according to the IFSWF.
The IFSWF chairman has exhorted his sovereign wealth fund peers to use their deep pockets and influence to address the world's long-term challenges.
IFSWF chairman Adrian Orr says there is much that non-sovereign funds can learn from the Santiago Principles, especially in regards to transparency and good governance.
Sovereign funds discussed how asset diversification, particularly into alternative assets, was key to outperforming in times of low returns in conventional markets at their annual meeting.
The chairman of the global association for sovereign wealth funds says the vehicles are not progressing quickly enough in their adoption of risk controls and governance issues.