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

Thai finance chief defends sovereign fund plan

Posted on 06 September 2011

Thai Finance Minister Thirachai Phuvanatnaranubala said the establishment of a sovereign wealth fund may help the central bank narrow losses on its currency and bond investments.
“It’s a suggestion to help resolve the problem,” Thirachai wrote on his official Facebook page yesterday. “While the central bank hasn’t asked the government to help fund its losses, the assets of the Bank of Thailand are national assets. They should be better managed.”………………………………………Full Article: Source


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