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

Scotland: Government ’should create a sovereign wealth fund of assets to attract investors’

Posted on 23 September 2013

The government’s Royal Mail sell-off represents a missed opportunity to create a sovereign wealth fund of state assets to attract small investors, a leading investment manager has said in Glasgow.
Justin Urquhart-Stewart, the veteran market pundit and co-founder of Seven Investment Management, said: “We are now down to the family teaspoons. Why don’t we learn from the privatisation campaign, it didn’t really work, why not put Royal Mail, the banks, the met offices, the student loan company and Urenco into a sovereign wealth fund of British assets, which the British public could buy into?”………………………………….Full Article: Source


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