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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

State Street`s Nugee: SWFs should exercise their rights

Posted on 13 August 2008

From Alwatan.com: Sovereign wealth funds risk keeping poor management in place in the firms they invest in if they give up their shareholder rights in response to fears about their excessive influence, a senior State Street official said. John Nugee, who heads State Street Global Advisors’ Official Institutions Group, [told Reuters on Tuesday that] stateـ-owned funds had shied away from active corporate governance after stirring fears in certain countries… Full article: Source


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