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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Research

As Dubai crisis unfolds, quick answers unlikely

Posted on 04 December 2009

From Nytimes.com: Even though Dubai did not have any consistent revenue to seed a sovereign fund, Dubai World began its own version of a government investment entity in Istithmar.
Unlike cash-rich funds in the region, Istithmar used debt and a fair amount of swagger to transform an initial $2 billion cash stake from Dubai World into a $15 billion entity that in its outlook and approach was more a private equity fund than a sovereign fund……………………………Full Article: Source

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