| From Bloomberg: Sovereign wealth funds are seeking safer investments after facing “vehement” domestic criticism over losses linked to the credit crisis and a plunge in oil prices, analysts at State Street Corp. said.
“Criticism by the national media for their high-profile losses might even jeopardize their ability to take the long-term investment positions that have given them such a comparative advantage,” John Nugée, managing director and head of the official institutions group at Boston-based State Street, told reporters at a briefing in London yesterday..........Full Article: Source
|