Ruble Tumbles Most in 12 Weeks as Europe Woes Stoke Outflows

The ruble sank the most in 12 weeks as concern over Europe’s economic and debt crisis spurred the strongest capital outflow from Russia in a year.

Sovereign wealth funds stick by alternative assets

Private equity firms face a tough time as they raise billions in new funds for the first time since the financial crisis. Traditional large investors including US pension schemes are scaling back their exposure to the sector, leaving firms to turn to the likes of sovereign wealth funds to plug the gap. But one potential problem is that such funds are growing more willing and able to invest by themselves.