17.10.2008 - Sovereign funds look to placate their critics
From Accountancyage.com: Sovereign wealth funds have pledged to be more open and accountable, in a pitch to win over Western critics. The wealth funds ­ estimated to hold assets worth more than $3trillion and typically owned by resource-rich countries, including China and the oil rich countries in the Middle East ­ have bought stakes in companies including Citigroup and UBS, while Zabeel investments has made an indicative offer for Charlton Athletic Football Club..... Full Article: Source