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Trophy assets at risk

Arab sovereign wealth fund exodus just beginning
Thursday, December 31, 2015 - 05:50
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London

OIL-RICH Gulf sheikhdoms are being forced to raid their sovereign wealth funds to shore up their budgets. With US crude oil prices falling below US$40 per barrel in December, they have no choice but to reach into these rainy-day savings. For now, they can hold on to some of their