| From Harbus.org: Bill Miracky, a senior partner at the Monitor Group, began by concisely defining a sovereign wealth fund ("SWF") as a government-owned investment fund, managed separately from the sovereign treasury, that invests across a range of asset classes.
The rapid rise of SWFs -they invested $92 billion in equity transactions in 2007, up from just $3 billion in 2000 - has ignited widespread controversy, as many criticize their alleged political motives and lack of transparency.... Full Article: Source
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