Reuters, 2 Jun 2009, George Chen and Sharon Klyne
Asia-Pacific sovereign wealth funds (SWFs), which have made some disastrous bets on western financial companies, are now diversifying into the riskier arena of distressed asset investments.
Other sovereign wealth funds hunting for distressed assets include Temasek, the bigger Government of Singapore Investment Corp (GIC), and the Future Fund of Australia, said the sources.
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