Chalongphob Sussangkarn warned against sovereign wealth funds, citing the losses of South Korea’s fund in investing in sub-prime mortgage financial instruments. However, few sovereign funds or even commercial banks in Asia were burnt by this financial debacle in 2008.
A respectable investor would never invest in instruments that were not understandable. The instruments were also marketed at that time in Thailand without much success by those US financial whiz kids. They made you feel stupid for not understanding this instrument……………………………………….Full Article: Source