From Businessweek.com: The sovereign wealth funds of other Gulf states invested in hedge funds and private equity and took stakes in Western banks. The conservative Saudis, by contrast, mostly parked their cash in U.S. and European government bonds.
These days, with growth tumbling and credit hard to find, the Saudis’ cautious approach looks smart—and is making the kingdom more attractive as an investment destination. …. Full Article: Source