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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Selling the family jewels at wall and broad strasse

Posted on 11 February 2011

From Barrons.com: When the rich fall on hard times, they often end up resorting to selling the family jewels to meet their debts or living expenses. The mirror image of that is seen in the sovereign wealth funds of the surplus nations of Asia, the Middle East and some Scandinavian countries.
Of the latter, they realized their wealth was based on minerals that one day would be depleted. So, they accumulated financial assets to replace those in the ground……………………………………….Full Article: Source


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