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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

East Asia to create $ 80 bln fund

Posted on 24 October 2008

From AFP: East Asian leaders agreed Friday to set up an 80-billion-dollar fund by mid-2009 to fight the global economic crisis, as Japanese shares again fell sharply after a profit warning from technology giant Sony.

The agreement came hours after US officials warned of a rise in unemployment stemming from the credit crisis, while France unveiled plans for a sovereign wealth fund to protect key industries from turmoil, as debate raged over the cause of the global maelstrom…… Full Article: Source


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