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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Creation of sovereign wealth fund splits reps

Posted on 25 February 2011

From Punchontheweb.com: Members of the House of Representatives were divided on Thursday over the plan by the Federal Government to create a Sovereign Wealth Fund. The development came as lawmakers also deferred the consideration of the 2011 budget proposals of the Independent National Electoral Commission.
While some lawmakers supported the bill seeking the creation of the SWF as a replacement for the “illegal Excess Crude Account,” others argued that such a fund was unnecessary………………………………………..Full Article: Source


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