Sun, Apr 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
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 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930