27.09.2010 - Sovereign wealth funds offer stability to markets
From Gulfnews.com: Lack of confidence in financial markets has driven investors and funds away from corporations. As balance sheets deteriorate, companies are in need of more and more capital, which investors are not willing to provide. In this setting, sovereign wealth funds (SWFs) have emerged as the funding source of the next decade. SWFs manage more than $3 trillion (Dh11 trillion). To put this figure into perspective, the hedge fund and private equity markets combined account for less than $2 trillion. Some estimates suggest that SWFs will manage more than $10 trillion by 2015..............................................Full Article: Source
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