You are here

Cheap oil forces SWFs to retreat as glory days fade

Wednesday, December 16, 2015 - 05:50


THE glory days of some oil-based sovereign wealth funds (SWFs) could be behind them now that cash-strapped governments are raiding the coffers to plug yawning budget gaps, with investment returns too weak to make up the shortfall.

This is forcing some funds to sell assets to

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom