09.02.2009 - Gulf SWFs 'must target credible financial assets'
From Business24-7.ae: Gulf-based sovereign wealth funds, intending to invest in the US and European assets, should direct their investments to credible financial assets, said a senior bank official. Steen Jakobsen, the Chief Investment Officer (CIO) of Saxo Bank, has said: "I do not mean to say that the GCC countries should be buying companies like Merrill Lynch. When we take the debt writedowns aside, whatever is left has a unique investment opportunity," he said..... Full Article: Source