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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

SWFs may be flowing again

Posted on 20 October 2008

From Pressdemocrat.com: Government investment funds from China and Qatar are moving new money into Western financial companies, a sign that the cash-rich funds haven’t completely pulled back from the volatile U.S. and European markets.

The funds, often known as sovereign wealth funds, plowed about $40 billion into troubled institutions such as Citigroup Inc. and Merrill Lynch & Co. Inc. early this year but then largely avoided U.S. and European banks as the financial crisis worsened….. Full Article: Source


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