Sovereign Wealth Funds, governmental or quasi-governmental investment funds such as Singapore's TEMASEK or Abu Dhabi's ADIA.
First few times I saw the acronym, I was definitely confused: who were all these single white females giving billions to brain-damaged US banks? And, more importantly, what were their phone numbers? Damn was I disappointed when I figured it out . . .
Abu Dhabi's SWF just put up another billion of C convertible preferred.
Prices shown in USD.
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