| 03.12.2008 - SWFs are no longer solid gold |
| From Yorkshirepost.co.uk: As the global downturn gathers pace, sovereign wealth funds are withdrawing their reach.Once seen as a bottomless resource, sovereign wealth funds (SWFs) are now feeling the effects of the credit crunch and are seeing a rapid downgrade to their growth outlook. Experts say the funds are withdrawing from flashy investments abroad and may be used to prop up local economies..... Full Article: Source |