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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Gulf SWFs ‘must target credible financial assets’

Posted on 09 February 2009

From Business24-7.ae: Gulf-based sovereign wealth funds, intending to invest in the US and European assets, should direct their investments to credible financial assets, said a senior bank official.

Steen Jakobsen, the Chief Investment Officer (CIO) of Saxo Bank, has said: “I do not mean to say that the GCC countries should be buying companies like Merrill Lynch. When we take the debt writedowns aside, whatever is left has a unique investment opportunity,” he said….. Full Article: Source


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