20.01.2016 - The Trouble With Sovereign-Wealth Funds
Russian President Vladimir Putin, center, spoke with the emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, in November in Russia at the time the Russian Direct Investment Fund signed an agreement with Kuwait's sovereign-wealth fund, the Kuwait Investment Authority, to expand their partnership. Kazakhstan’s $55 billion sovereign-wealth fund helped pull the country through the global financial crisis and offered funding for the country’s bid to host the 2022 Winter Olympics. But the collapse in oil prices has hit Kazakhstan and its fund, Samruk-Kazyna JSC, hard. In October, the fund borrowed $1.5 billion in its first syndicated loan to help a cash-strapped subsidiary saddled with a troubled oil-field investment...............................................Full Article: Source
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