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Sovereign Wealth Funds Briefing - Categorized | Performance

2008 turned financial heroes to zeroes

Posted on 18 December 2008

From Inquirer.net: China Investment Corp., China’s sovereign wealth fund, bought a 9.9-percent stake in Morgan Stanley last December. The Government of Singapore Investment Corp. invested in Swiss bank UBS and US bank Citigroup. The city-state’s Temasek Holdings pumped billions into the former US investment bank Merrill Lynch.

Abu Dhabi Investment Authority made an investment of $7.5 billion in Citigroup — to name but a few….. Full Article: Source


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