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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

The bear protects its own

Posted on 23 October 2008

From Forbes.com: Sovereign wealth funds were once seen as a vehicle for a cash-rich country to invest abroad. Now, amidst the economic downturn, it seems that they will be taking on a different role: helping to protect domestic markets. As the financial markets have changed rapidly over the past few weeks, so have global attitudes toward sovereign wealth funds.

French President Nicolas Sarkozy suggested that Europe should consider creating its own sovereign wealth funds to protect its companies from “predators.”…. Full Article: Source


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