Wednesday, January 9, 2008

A Race Developing Among Sovereign Wealth Funds

From RGE Monitor:
(see post below)

Significant investments by Sovereign Wealth Funds (SWFs) in US (and EU) financial institutions were a key development in the last two months of 2007. These purchases and pending political responses has reignited a debate on the stabilizing role of sovereign funds.

All-told, sovereign investors such as the Abu Dhabi Investment Authority (ADIA), Singapore's Goverment Investment Company (GIC) and Temasek and the Chinese Investment Corporation invested over $25 billion in several large deals (in Citi, UBS, Merrill Lynch and Morgan Stanley respectively). These stakes are summarized below....MUCH MORE