Sovereign Wealth Funds Feeling Cheated By U.S., Panelists Say
And it’s probably true. After losing an estimated 18% to 25% this year, with much of it in U.S. investments, they’re not exactly rushing to write any more checks for us. According to panelists at The Deal’s 2009 PE Outlook Conference, the SWFs have retreated, licking their wounds, from further investments in U.S. firms, companies and funds. They’re shifting their focuses back to domestic investing. And it’s not just a temporary bout on the sidelines. There’s a fundamental shift going on in the way they deploy their capital, the panelists said. Fortunately, that’s not necessarily a bad thing.
11 November 2008•2 mins read
