| Author Christopher Balding having recognised – like many of us – that he knew too little about sovereign wealth funds (SWFs), set about doing something about it. The result is an excellent source of information on SWFs.
Part one, entitled ‘Framework’, begins with the history of SWFs, explaining there are three main types of funds. The first SWFs orginated as ‘stabilisation funds’ that were set up by countries where commodity exports dominated economic activity and governments decided to set aside revenues in the fat years to help fund lean years...............................................Full Article: Source
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