25.08.2010 - Of sovereign wealth and black swans
From FT Alphaville: Further adventures in sovereign wealth fund knife-catching — of a sort. We’ve noted before that equity volatility has hampered sovereign wealth fund returns a tad lately. Tuesday’s WSJ offered a glimpse of a potential flip-side to this — SWFs buying protection on even worse reiterations of that volatility. China Investment Corp going cap in hand to Nassim Taleb for a product hedging against extreme inflation, say. Felix Salmon explains the possible motive here pretty well:..........................................Full Article: Source
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