Sat, Aug 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Trends

The politics of sovereign wealth

Posted on 13 November 2013

It is a question that has long been asked in America, particularly after the handling of firms after the 2008 crisis, and most pressingly after 2010’s Citizen’s United Supreme Court ruling: are corporations people? The answer, for innumerable reasons, seems to me to be a resounding no. But that is beside the point, for I believe there is another question that soon must be debated around the world, particularly with the growth of state-owned investment vehicles known as sovereign wealth funds. Corporations are certainly not people – but can states be corporations?
A cash-laden Kuwait created the first national sovereign wealth fund (SWF) in 1953. Kuwait was awash with money from their oil productions, and, seeking to invest rather hold unprofitable bills and bonds, founded the Kuwait Investment Authority. Today, the fund holds assets valued at $386 billion………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14616 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031