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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Big Gulf investors ‘looking to the US’

Posted on 31 October 2008

From FT: Gulf sovereign wealth funds are seeking investments in the US economy, Robert Kimmitt, deputy US treasury secretary, said yesterday.

The funds had seemed reluctant to divert much of their estimated £1,300bn ($2,000bn, €1,600bn) portfolio into the US economy, worrying that the economic crisis has further to go. Gulf money has been instrumental in attempts to shore up big Wall Street names….. Full Article: Source


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