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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

State funds ‘have role to play in crisis’

Posted on 13 October 2008

From Gulf-times.com: Sovereign wealth funds, the state investment vehicles that are flourishing during a boom in commodities prices, could play a role in the current financial crisis, World Bank chief economist Justin Lin has said.

“They have the capital and now we have the situation,” said Lin, a Peking University professor who took up the bank post in June. “Certainly the sovereign wealth funds can play some function,” he said on the sidelines of an International Monetary Fund meeting in Washington….. Full Article: Source


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