02.12.2008 - SWFs getting out at the bottom
From Newsmax.com: Sovereign wealth funds, many of them state-owned investment funds from the Middle East, are rapidly retrenching, shifting their sights from New York and London and now financing firms closer to home. These funds, located in Kuwait, Dubai, Qatar, and Abu Dhabi, are altering their investment strategies after they have lost billions of dollars in shares in ailing American and European banks. .... Full Article: Source
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