27.10.2008 - Gulf SWFs have big exposure to Turmoil, says GRC analyst
The exposure of GCC Sovereign Wealth Funds (SWFs) to the current global market turmoil must be considerable as their equity component is more than 40 per cent, an analyst with Gulf Research Centre (GRC) said. Dr Eckart Woertz, Program Manager Economics of the Dubai-based GRC, said GCC-based sovereign wealth funds that control almost $1.5 trillion assets worldwide, probably had also invested more in riskier debt structures like CDOs (Collateralised Debt Obligation) than the region's banks..... Full Press Release: Source