02.12.2008 - SWFs share the world's financial troubles
From Thenational.ae: Slumping financial markets are taking a heavy toll on investors everywhere, including big sovereign wealth funds that are being looked to for help to finance a global economic recovery. Losses of up to 40 per cent on their stock holdings this year, combined with sliding oil prices, have cut the size the Gulf’s sovereign funds by at least a quarter according to new estimates by two New York-based economists who track the funds..... Full Article: Source