15.06.2009 - Won't get fooled again
From Business-standard.com: Sovereign Wealth Funds are trying again. Eighteen months ago, they rode to the rescue of ailing investment banks reeling from gargantuan mark-to-market losses on asset-backed securities. Some, including the Government of Singapore Investment Corporation (GIC), got severely burned. But GIC and the Kuwait Investment Authority’s financing for BlackRock’s $13.5 billion acquisition of Barclays Global Investors should prove much less fraught.........Full Article: Source