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Douglas Rediker in the Financial Post | 'Merrill Woes Could Spread'

July 30, 2008
"One of the reasons that large investment banks have gone to sovereign-wealth funds is because they are classic, long-term, buy-and-hold investors," said Douglas Rediker, a sovereign-fund expert at the New America Foundation, a research and advocacy organization. "That means they don't get spooked by short-term market volatility." LINK

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