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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

China to play role in General Motors IPO

Posted on 15 November 2010

From Businessweek.com: Among the banks helping General Motors with its initial public stock offering next week are two identified by initials only: ICBC and CICC. Michael Maduell, president of the Sovereign Wealth Fund Institute, a California-based group that watches sovereign wealth fund investments, says global investors are looking at the U.S. because they believe the overall market is undervalued.
Other potential investors in GM include Abu Dhabi’s Mubadala and Singapore’s Temasek, which are both known for actively investing in companies, Maduell says……………………………………….Full Article: Source


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