The New Power Brokers

The past year has seen much financial unrest, but three playersAsian sovereign investors, oil exporters, and private equity firmshave helped stabilize the market

Many market participants have struggled to cope with the financial turmoil of the past year. But three players have continued to grow in wealth and clout: Asian sovereign investors, oil exporters, and private equity firms. Moreover, several of these actors gained new prominence by using their vast pools of capital to help recapitalize the balance sheets of other financial institutions and help contain the crisis. Their actions highlighted the benefits they offer—but also heighten concerns about the potential risks they pose.

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