07.10.2008 - SWFs invest big in US firms - but government doesn’t know where
From Financial Week: Sovereign wealth funds have invested a good chunk of their assets in U.S. companies, spending more than $43 billion from January 2007 through June 2008. But many of those investments are not disclosed and indeed are only loosely tracked by U.S. agencies, according to a study published by the Government Accountability Office. Of the 48 funds analyzed by GAO, including heavies such as the Abu Dhabi Investment Authority and the China Investment Corporation, just 60% publicly disclosed the amount of their assets under management, and only four funds gave out detailed data on all their investments..... Full Article: Source
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