State Street: Sovereign funds still see value in banks
Posted by Editor on August 27, 2008 at 08:07 AM
Thomson Reuters reports that, “Sovereign wealth funds will likely plough more money into capital-starved financial firms if they see long-term value, said a regional executive on Wednesday at one of the world’s biggest institutional money managers [Hon Cheung, regional director of the Official Institutions Group in Asia at State Street Global Advisors].”
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