24.10.2008 - SWFs and global competition
From Wordpress.com: A host of nations have what are called ’sovereign wealth funds’ (SWFs) designed to regulate fiscal imbalances or serve as a currency reserve as in a central banking role or more ambitiously serve the purpose of investment return which can include acquiring interest in private ventures. Central banking role is the more conservative and traditional role that SWFs served but some have accumulated reserves (usually US dollars) so quickly the last few years as a result of commodity price inflation that they have sought out other opportunities to expand their portfolios..... Full Article: Source