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Saudi, other sovereign wealth funds hunt for bargains amid global economic lockdown
With apparent relish, UK weekly The Sunday Times’ annual Rich List of the wealthiest people in the UK was accompanied by lurid headlines about how major fortunes had been hugely diminished during a time of the coronavirus shutdown. Some sectors have been badly hit – the crisis in aviation underlined by legendary investor Warren Buffet accepting a “substantial loss” as he dumped Berkshire Hathaway’s stock in three major US airlines. But some investors are looking to profit.
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