Sovereign wealth funds have experienced a bit more volatility than they are used to over the past two years. Rising rates and inflation hit sovereign portfolios like they have all others and these funds have also felt the pullback in private equity activity as well as the fluctuations of U.S. equities. According to Invesco’s recent sovereign asset management survey, sovereign funds underperformed broadly in 2022, but rebounded strongly in 2023. The data for 2024 is not in yet, but sources say...