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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Sovereign funds cushion Gulf from crisis

Posted on 08 October 2009

From Thepeninsulaqatar.com: Sovereign wealth funds are cushioning oil-dependent Gulf economies against the financial crisis, but observers warn that some governments have raided them for current spending and many investments have shrunk in value.

The four main funds are Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Qatar Investment Authority (QIA) and the Saudi foreign assets managed by the Saudi Arabian Monetary Agency (SAMA)………………..Full Article: Source

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