4 ms·
Is this the follow-up to the 1MDB investment effort? The 1MDB investment program also had Malaysia step into the shoes of investors. What's weird about all of
by privateSFacct 7y ago
Is this the follow-up to the 1MDB investment effort? The 1MDB investment program also had Malaysia step into the shoes of investors.
What's weird about all of these is Malaysia is struggling with an austerity budget, has a fair bit of debt etc. I never fully understand these situations where things like pension funds borrow lots of money to invest in the market to make money. How can you borrow at one rate and earn a higher risk adjusted rate in an efficient market?
I know a bunch of folks in middle east are getting into the Vision fund so I know it does happen, but just interesting. At least they have the actual excess cash.