Sovereign wealth funds retain interest in US market
October 29th, 2008 Posted in Markets, SWFAs reported in a TradeFlow21 posting on September 29th, it was suggested that sovereign wealth funds may soon join a list 
of suitors seeking bargains among Wall Street’s ruins. In an interview with the Financial Times published today, Deputy US Treasury Secretary, Robert Kimmitt, indicated that SWFs were “actively looking at US opportunities.” While Gulf nations struggle to address liquidity issues in banks and stock exchanges at home, many of their sovereign funds may also be waiting for the US market to hit a ‘true bottom’ before increasing such activity. Patience is the rule of thumb here–buy low, sell high.
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