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Sovereign Wealth Funds Briefing - Categorized | Performance, Research

Did SWFs win or lose on financial bets?

Posted on 09 December 2009

From Fiercefinance.com: Sovereign wealth funds, like a lot of U.S. funds, made some pretty big wagers on financial services companies not too long ago. How did they fare? It’s been a mixed bag.
Kuwait’s sovereign wealth fund said over the weekend that it had made a $1.1 billion profit from its Citigroup stake, which it bought in January 2008. That equals a 37 percent annualized return on its initial $3 billion investment……………………………..Full Article: Source

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