| From Bloomberg: Mohamed A. El-Erian, whose firm runs the world’s biggest mutual fund, says sovereign wealth funds are poised to profit from a reshaping of the global economy known as the “new normal.”
“Although sovereign wealth funds were not able to completely sidestep the global financial crisis, they have recovered nicely and are well placed as a group to navigate the journey to and through the new normal,” El-Erian, chief executive officer of Pacific Investment Management Co., wrote in Finance & Development Magazine, published by the International Monetary Fund................................................Full Article: Source
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