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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

Merrill good long-term investment - Thain

Posted on 27 October 2008

From Arabian Business: Merrill Lynch chief executive John Thain has moved to calm concerns within Kuwait that the government has lost money from its investment in the US bank earlier in the year.

Speaking in Kuwait during a tour of the Gulf, Thain said the $2 billion cash injection by the state-owned Kuwait Investment Authority (KIA) back in January will be very profitable in the long-term….. Full Article: Source


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