28.08.2013 - Bank of Thailand eyes sovereign wealth fund
The Bank of Thailand is studying a plan to use its surplus foreign reserves to establish what would be called a New Opportunity Fund, aimed at increasing returns as a part of efforts to improve the central bank's balance sheet. Pongpen Ruengvirayudh, the central bank deputy governor overseeing monetary stability, said such a sovereign wealth fund, if established, would be managed by a separate organisation or even the central bank itself. The study will not take long, but the fund's size cannot yet be estimated...............................................Full Article: Source
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