| From Investordaily.com.au: The first financial report from a Gulf state-owned sovereign fund showed it has not been immune to the financial crisis. Abu Dhabi sovereign fund Mubadala suffered a loss of $4.5 billion over 2008, compared to a profit of $500 million the year before.
The fund's losses could be attributed to the decline in oil and stock prices, which led to large impairment charges. Mubadala invested in some of the world's largest companies, including Rolls Royce, EADS and General Electric.........Full Article: Source
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