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

Rapid growth of SWFs in Third World raises eyebrows

Posted on 01 November 2010

From Gulfnews.com: Sovereign wealth funds (SWFs), around for nearly 50 years, have only recently given rise to concern in advanced countries. Edwin Truman of the Peterson Institute, a Washington-based economic think-tank, suggests this is because their rapid recent growth in developing countries reflects a shift in global economic power.

One must also consider the role of governments. Many of those behind the funds are not traditional friends of the West, and there is a growing fear that SWFs will be used for political and strategic ends, especially since China joined in…………………………………….Full Article: Source

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