27.02.2009 - SWFs: Hedging bets
From Isn.ethz.ch: Sovereign wealth funds (SWFs) are taking stock of the global downturn, which has not only eaten into their revenue streams, but left the funds with registered losses of 20-30 percent on average, measured against their 2007 asset portfolio. SWFs recent rise to prominence has sparked some public debate, and quite a bit of pundit and policymaker navel-gazing, with Cassandras lifting their heads to shout their fears of Gulf and Asian covert takeovers of key western banks and even utilities. Now the debate has capsized - with western governments seeking revenues to underwrite pump-priming economic interventions at home. .... Full Article: Source