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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

West Australian government dismisses wealth fund criticism

Posted on 16 May 2012

The West Australian government has dismissed a report claiming the state cannot afford a Norway-style sovereign wealth fund - just as it prepares to unveil its own.
Business lobby group the Chamber of Commerce and Industry of WA (CCIWA) on Tuesday released a report on the proposal, saying the state would be financially straightjacketed by such a fund………………………………………..Full Article: Source


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