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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

GCC sovereign wealth funds monitor European opportunities

Posted on 27 September 2011

Gary DuganThe eurozone is in crisis, and many expect that Middle East money will be used to help bail out struggling European banks and even governments. But with no guarantees the eurozone will even survive its current troubles, might Gulf Sovereign Wealth Funds be reluctant to help out this time around?
“Many of the SWFs here try to play that global citizen role, saying: ‘We’ll support you in the tough times’,” says Gary Dugan, Chief Investment Officer, Private Banking, at Emirates NBD. “But if they have supported you in the last six months, as many of them have, they’ll be facing losses and I just wonder what their attitude will be now……………………………………….Full Article: Source


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