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Sovereign Wealth Funds Preparing Portfolios For Bearish Outlook?

 August 24, 2010 10:24 AM


China's $300 Billion sovereign wealth fund CIC is talking to ultra bearish Nassim Taleb, author of the Black Swan.

If one of the largest sovereign wealth funds is talking to Taleb's investment company, Universa Investments LP, then perhaps even the largest of money managers are getting a bit nervous about the future.

{…} Some of the world's biggest investors are planting the same seeds. The Santa Monica, Calif., investment firm Mr. Taleb helped start and still advises, Universa Investments LP, is in talks with China's $300 billion sovereign-wealth fund, China Investment Corp., and Middle East government funds about investing in Universa, according to a person familiar with the matter. Specifically, sovereign-wealth funds are willing to pay the firm in the hopes that if the market dives, at least some part of their portfolio will profit.

[Related -Buffett's Market Indicator Flashes Red, Prepare To Sell]

Panic is a profit-driver for Mr. Taleb, who has gained renown for his pessimism, a viewpoint that proved prescient in the market collapse of 2008. The interest from the likes of the Chinese and Middle East funds, which control some of the world's biggest pools of money, suggests more mainstream adoption of Universa's bearish conviction. {…} (WSJ)

Sovereign Wealth Funds Preparing Portfolios For Bearish Outlook? is a post from: Rebel Traders - Stock Market and Economic Analysis

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