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Signs of sovereign life

Started by Joelle, June 06, 2008, 11:41:40 PM

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Joelle

Signs of sovereign life
      


Sovereign wealth funds were thought to be nearly extinct sources of capital for the crumbling western banks. But life finds a way. The Government of Singapore Investment Corp, one of the world’s biggest sovereign wealth funds, said it would subscribe to UBS’s rights issue. A GIC spokeswoman declined to provide the value for the transaction [...]
         

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