02.02.2012 - Sovereign risk appetite falls
Sovereign wealth funds are heavily reining in their investment in risky new deals because they are sitting on huge losses from bets made during the crisis, according to three senior investment banking sources. In aggregate, sovereign wealth funds have lost a staggering $62bn of the $90bn in capital they plunged into financial stocks in 2007-2008, according to number crunching done by Citigroup. n particular, Middle Eastern funds are lowering their risk appetite. The shaikh of Abu Dhabi, Khalifa bin Zayed Al Nahyan, is trying to reign back some of the city state’s numerous funds, according to one senior source...............................................Full Article: Source
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