Reuters
6 Aug 2008
By Natsuko Waki
"Also facing huge paper losses on its Merrill investment, Singapore's wealth fund Temasek negotiated a rebate of $2.5 billion on its original $4.4 billion stock purchase after the U.S. investment bank raised fresh funds in July.
"SWFs have emerged as significant global investors," said Gay Huey Evans, who as vice chairman of investment banking and investment management at Barclays is responsible for coordinating the financial group's sovereign wealth business."
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