Sovereign Wealth Funds (SWFs) have probably never felt so in demand. Firms are falling over themselves to get them on board using any means possible, often much to the annoyance of other shareholders.
General Electric is the latest said to be lining up for SWF backing. According to reports, GE has been speaking to Singapore’s Temasek and GIC, as well as China’s CIC and Safe on the back of dramatic falls in its share price. Shares in GE have reportedly fallen over 60 percent over the past year.