28.10.2008 - Russian companies look to SWF for cash
From Cbonds.info: Russian corporations are looking to leading sovereign wealth funds abroad for cash in the wake of the global liquidity squeeze. In the estimation of JP Morgan, assets managed by sovereign funds amount to half of all international reserves, and they exceed the combined worth of all private and hedge funds. Russian industrial companies, banks and management companies are showing interest in these funds, analysts say. Managing a total worth of between $3 trillion and $3.7 trillion, sovereign wealth funds are large investors, JP Morgan said in its quarterly bulletin for depositary receipts. About one-third of the amount is managed by the Abu Dhabi Investment Authority (ADIA), which controls an estimated $1 trillion..... Full Article: Source