Comment & Analysis
Sovereign wealth
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The Trouble With Sovereign-Wealth Funds
Kazakhstan’s $55 billion sovereign-wealth fund helped pull the country through the global financial crisis and offered funding for the country’s bid to host the 2022 Winter Olympics. But the collapse in oil prices has hit Kazakhstan and its fund, Samruk-Kazyna JSC, hard. In October, the fund borrowed $1.5 billion in…
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Click here to read the full story: The Wall Street Journal