From Economist.com: Were SWFs right to buy? They piled in far too soon. It took another year for share prices to hit bottom; despite this year’s rally, they are still below the levels when SWFs invested, typically using convertible stock.
Plenty made mistakes: Temasek, Singapore’s other state fund, sold out of Bank of America early this year, probably at a loss. Nor should the near misses be forgotten………………………………Full Article: Source