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The head of sovereign wealth fund Dubai International Capital LLC said that Citigroup will need more capital from outside investors to ride out the credit crunch . . .
T
he head of sovereign wealth fund Dubai International Capital LLC said that Citigroup will need more capital from outside investors to ride out the credit crunch. Dubai’s neighbor, Abu Dhabi, invested $7.5 billion in Citigroup in November; Citi secured $14.5 billion two months later. “It will take a lot more than that to rescue Citi and other financial institutions,” said Dubai International CEO Sameer al-Ansari. Sovereign wealth funds have about $3.2 trillion in assets. (Bloomberg)

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