Asia Sentinel

Asia Sentinel

Life Gets Tough for Asia’s Sovereign Wealth Funds

Philip Bowring's avatar
Philip Bowring
Mar 17, 2008
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In the space of three days last week the US Federal Reserve had to throw an additional US$200 billion at a tottering US financial system and organize the rescue of the Bear Stearns investment bank. It is a humiliation bigger even than the Bank of England suffered with the bail-out of Northern Rock – and with far bigger international implications.

But the…

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