Sun, Sep 21, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

SWFs: No interest in rescuing U.S. firms

Posted on 15 October 2008

From CNBC: Don’t expect Middle Eastern sovereign wealth funds to jump on the bailout bandwagon. Given the recent volatility in the stock markets, some large sovereign wealth funds have been hoarding cash, much like the hedge funds and institutional investment funds that have been running for cover.

The oil-rich emirate of Abu Dhabi oversees the world’s largest government-sponsored fund, for example, and has been steadily adding to its cash position, which is at its highest in years. According to people who have been briefed on its investment strategy, 10 to 20 percent of $550 billion controlled by the Abu Dhabi Investment Authority is now in cash….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 14769 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930