02.06.2010 - SWFs steer clear of financial services, real estate
From Seekingalpha.com: Not surprisingly, sovereign wealth funds scaled back their investments in the financial services industry in 2009, according to the latest annual report from Monitor Group and Fondazione Eni Enrico Mattei. “While the number and value of SWF transactions for the first two quarters of 2009 was the lowest for more than half a decade, by Q3, SWFs had realigned investment strategies with long-term goals, rethinking their approach to risk,” said William Miracky, a senior partner at Monitor Group..............................................Full Article: Source
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