31.10.2008 - Big Gulf investors 'looking to the US'
From FT: Gulf sovereign wealth funds are seeking investments in the US economy, Robert Kimmitt, deputy US treasury secretary, said yesterday. The funds had seemed reluctant to divert much of their estimated 1,300bn ($2,000bn, 1,600bn) portfolio into the US economy, worrying that the economic crisis has further to go. Gulf money has been instrumental in attempts to shore up big Wall Street names..... Full Article: Source
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