23.10.2008 - Back to basics: What is a sovereign wealth fund ?
From Zawya.com: Sovereign wealth funds are investment vehicles typically controlled by rich countries with trillions of dollars at their disposal ready to invest abroad. The funds have been around since the early 1950s, created to absorb hazards posed by fluctuations in the prices of raw materials, develop infrastructure and finance pensions. But their ranks have swollen in recent years and the term Sovereign Wealth Fund first appeared in 2006..... Full Article: Source
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