Asian Sovereign Funds Learn Tough Lessons

The Wall Street Journal ,6 Dec 2009
HONG KONG—The financial crisis taught most of the investing world a lesson about managing risk. Asia's sovereign-wealth funds appear to be taking some lessons from bad investments to heart.
After the initial embarrassment of heavy losses on investments in Wall Street, state-owned investors in China and Singapore are reshaping their strategies by diversifying their investment scope and focusing on markets where they have better knowledge.
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