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"They don't have a highfalutin problem with foreign equity," chief executive Fred Reid Fred Reid says of the big airlines.
On the funds and VC side, Al-Dabbagh in 2005 seeded the venture capital and private equity investment industry in Saudi Arabia by launching four sector-focused funds managed completely by the private sector and raising nearly US$1.7 billion of capital in the process (all with foreign equity and HR components).
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This is a year for moving forward with foreign equities while lowering U.S. expectations.
Last year, Chinese companies raised some $20 billion from foreign equity investors, compared with a combined total of $5 billion for all other countries in the region (but mostly South Korea).
The government still will not allow foreign airlines to start joint-ventures, though the limit for foreign equity stakes from sources with no significant airline connections has been raised from 40% to 49%.
Another told me, 'If we don't agree with management, we sell it".' Institutional investors account for about two-thirds of foreign equity investment in South Korea.
NYSE, now with Euronext under its belt, is seen buying a U.S. futures exchange or another foreign equity exchange.
Indian IT firms are allowed to raise up to $100m in foreign equity to buy foreign companies.
In fact, currency changes have historically accounted for only 12 percent of foreign equity volatility.
August was a bad month for U.S. equities, while gold and many foreign equity markets rose.
But the fact is that most U.S. managers of foreign equity funds have beaten foreign benchmarks.
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