“Over the final couple of months it has seemed like the only investors willing to put money into U.S. and European financial companies were big Asian and Middle Eastern institutions, many of them government sponsored,” observes George Putnam.

“Should you follow in their footsteps?” asks the editor of The Turnaround Letter. Here is his review.

“There may be good reason to do so. These foreign institutions are staffed by smart society who do their homework, have enlarged date horizons and they like companies with strong makes or market positions.” Here, he looks at fivefiancal frms that have received cash infusions from sovereign

“Some of these investors have scored big wins in the past. For example, Prince Alaweed bin Talal of the Saudi royal family bailed out Citigroup once before. He injected new fairness into the bank in late 1990 during the final real estate related financial crisis. He bought shut to the absolute bottom, and even nowadays his Citi stock is worth many times what he paid for it.

Continue reading Sovereign funds: A focus on financials

Original post by Steven Halpern

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