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