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Swf
Latest Headlines
Latest Headlines
Citi sued by Abu Dhabi fund
As if Citigroup ( C ) didn't have enough problems: It is being sued by the Abu Dhabi Investment Authority after the sovereign wealth fund invested $7.5 billion in the bank two years ago, when the stock was trading around the $30 a share. The fund looks set to suffer some massive losses, when the
Did SWFs win or lose on financial bets?
Sovereign wealth funds, like a lot of U.S. funds, made some pretty big wagers on financial services companies not too long ago. How did they fare? It's been a mixed bag. Kuwait's sovereign wealth fund said over the weekend that it had made a $1.1 billion profit from its Citigroup stake, which
Can the French help the SWFs cause?
Sovereign wealth funds have garnered a lot of attention recently, most of it negative. But now comes word from IDD that France is considering launching such a fund. President Nicolas Sarkozy, a big fan of many things American, has publicly supported the idea of transforming Caisse des Dépôts e
Capital raising to get harder for commercial banks
We all get the sense that banks are due for some more capital raising. But it comes down, in large part, to upcoming writedowns. If they are much worse than expected, banks will have to hit the capital trough again, notes Investors' Business Daily . The problem is, raising capital will only get
Shadow banking universe gets more complex
We've heard a lot of denunciations recently of the shadow banking system, which seems to be raining problems on the brightly lit banking system. But here's a thought; one Pimco official suggests that sovereign wealth funds stand to make the shadows even darker, according to Hedge Fund Daily
