| From Reuters: Popular revolts across the resource-rich Middle East and North Africa may transform the management of windfall oil wealth, potentially denting national balance sheets, boosting inflation and disturbing world markets.
The region's state-owned funds, managing almost $1 trillion of assets -- equivalent to nearly two-thirds of the entire hedge fund industry -- have been a key driver in financial markets, making wide-ranging investments including stakes in blue chips such as UniCredit and luxury department store Harrods...........................................Full Article: Source |