Abu Dhabi - $875bn
Norway - $391bn
Singapore (GIC) - $330bn
Kuwait - $264bn
China - $200bn
…
France - $7.6bn
From Bloomberg:
Nov. 20 (Bloomberg) — French President Nicolas Sarkozy said the government and a state-owned lender will raise 6 billion euros ($7.6 billion) to create a sovereign fund aimed at protecting and developing the country’s “strategic companies.'’
I won’t let foreign funds get bargains thanks to the current levels of the stock market. Sarkozy said today near Tours, central France.
Below, President Sarkoky, appoximating the size of le SWF français. Or is it the CAC-40? Can’t tell.
Related links:
France, pourquoi la ruée? - FT Alphaville
Uh-oh… now Sarkozy’s on the case - FT Alphaville
In defence of hedge funds - or, casses-toi Sarkozy - FT Alphaville
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