Sovereign funds lose out after bank bail-outBY MICHELLE BALTAZAR | TUESDAY, 24 FEB 2009 12:55PM
The US government's move to potentially have direct share ownership in the banks bailed out during last year's crisis could dilute the returns of sovereign wealth funds and pensions funds that hold stake in US finance stocks.
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Vivek Ahuja, portfolio manager for the Templeton Global Macro team, believes fixed income portfolios with allocations too close to core indices become vulnerable to rising interest rates, especially in ...
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