Tue, Dec 23, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance

Kuwait, Singapore funds lose on finance bets

Posted on 11 February 2009

From IHT: Wall Street banks once looked to state-owned sovereign funds in the Middle East and Asia to shore up their own balance sheets. Now the sovereign funds are suffering huge losses of their own, partly thanks to big overseas bets on the financial sector.

On Tuesday, the Kuwait Investment Authority said the oil-rich country’s sovereign fund lost 9 billion dinars ($30.73 billion) from March to December of last year, while Singapore’s Temasek lost around $39 billion — 31 percent of its holdings — in the eight months ending November 30….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 15434 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031