Sovereign funds still hungry for Western banks

July 19, 2012

Bad early-crisis bets haven’t put rich states off backing global lenders. Qatar and Norway have upped their exposure to Credit Suisse, while Singapore’s Temasek has joined the throng. The enthusiasm reflects a lack of attractive alternatives, as much as hopes for a recovery.

Barclays bet lives up to rich billing for Qatar

December 6, 2012

Qatar has earned a 19 pct IRR on its complex 3.4 billion punt on Barclays at the height of the crisis. That’s a decent return for the then huge risk. But an ongoing probe into fees related to the capital-raising marks an unanticipated, non-financial cost.

Barclays – the gift keeps on giving

October 20, 2009

The credit crunch has not been kind to sovereign wealth funds. Yet one of the most controversial deals - Barclays' 7 billion pound fundraising last autumn - has proved to be the most lucrative. It is hard to see what the Middle Eastern investors can do for an encore.