12.02.2009 - UK real estate has a new saviour
From Business24-7.ae: There is a new player in the United Kingdom real estate industry – the Sovereign Wealth Fund. But what is it? There is no formal definition of what a SWF actually is, but the nearest we have is that many countries – often those benefiting from windfalls from gas, minerals or oil – have extensive funds that are usually state-owned and invested in industries throughout the world. The Middle East in particular has SWFs, which now may become more dominant worldwide as they remain strong at just the time that other global regions have become much weaker and need investment from outside..... Full Article: Source _b1b1b314bffb4dea9c094d489c92c45e.aspx