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Article: Gulf Arab funds loosen purse strings
- Article from:
- AP Worldstream
- Article date:
- September 1, 2009
- Author:
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Government-backed investors bankrolled by Persian Gulf oil wealth are back on the prowl for deals in the West after mostly sitting out the past year's turbulence.
It is difficult to say whether the often secretive investment vehicles believe the market has bottomed out. What is clear: the funds are regaining their dealmaking appetite and are willing to bet big despite the uncertainties still coursing through the global economy.
A series of high-profile deals struck in the span of a few months show that even as they weathered big hits to their portfolios, the region's investment vehicles still have plenty of money, and aren't afraid to use it.
"They're able to step ...