10/12/2008
Sovereign wealth funds seek safety (International Herald Tribune)
Some of the world's largest wealth funds are hoarding cash, much like the hedge funds and big institutional investment funds that have been running for cover in recent weeks.
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10/12/2008
Funds, too, are mining new energy sources (International Herald Tribune)
Exchange-traded funds that focus on alternative energy have proliferated and many of them have been mirroring the sharp swings in the oil markets.
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10/12/2008
Mutual funds are also taking lumps (Orlando Sentinel)
Mutual funds aimed at retirees haven't been immune from the credit crisis.
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10/12/2008
Wealth funds, recipients adopt investing principles (Reuters via Yahoo! News)
Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules.
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10/12/2008
Sovereign wealth funds have role to play in financial crisis: Lin (AFP via Yahoo! News)
Sovereign wealth funds, the state investment vehicles that are flourishing during a boom in commodities prices, could play a role in the current financial crisis, World Bank chief economist Justin Lin said Saturday.
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10/12/2008
Singapore GIC Tan: Wealth Funds Await Government Signals To Invest (Nasdaq)
WASHINGTON -(Dow Jones)- Sovereign wealth funds are unlikely to make any fresh investments in cash-strapped financial institutions until they see how government recapitalization plans work out, a senior Singapore government official said Sunday.
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10/12/2008
Banks take money out of mutual funds (The Telegraph)
Mumbai, Oct. 12: Banks are scooping their money out of mutual funds. As the global financial turmoil exacerbates, stock markets flounder and their cash crunch intensifies, banks have started to press the redemption button on their mutual fund investments.
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10/12/2008
Sovereign wealth funds unveil principles to make them more transparent (Channel NewsAsia)
WASHINGTON: The world's major sovereign wealth funds or SWFs have unveiled a set of principles aimed at making such funds better understood and their investment intentions more transparent.
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10/12/2008
Stock mutual funds fell almost across the board (Los Angeles Times)
The average fund tumbled 10% in the third quarter. There was only one real winner among the 40 broad categories: bear market funds. Let's face it: Opening your third-quarter mutual fund or 401(k) statement will be like dropping a bowling ball on your toe. And let's not even think about the fourth quarter.
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10/12/2008
Abu Dhabi Investment Authority Supports Sovereign Funds' Code (Bloomberg)
Oct. 12 (Bloomberg) -- Abu Dhabi Investment Authority, the world's biggest sovereign wealth fund, said it supports a code of 24 voluntary principles for sovereign wealth funds presented to a committee of the International Monetary Fund yesterday.
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