Sovereign wealth saviours

The credit crunch has ushered in a power shift in the global markets. Banks, desperate for new investment following a series of catastrophic writedowns, have turned to a new source of ready money: sovereign wealth funds. Just a year ago, these secretive investors were viewed with suspicion. Now they are being hailed as the saviours of the global economy after propping up some of the world's largest banks. With talk of further huge subprime-related writedowns to come - and the risk of the occasio

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