11.03.2014 - Sovereign-wealth funds must move out of shadows
The need for greater transparency among emerging-market economies owning an increasing share of cross-border investments is moving slowly up the global economic agenda. Last week’s announcement by the International Forum of Sovereign Wealth Funds (IFSWF) that it’s moving its secretariat from Washington to London is, by itself, only a small step. Yet it heightens pressure for large-scale public investors deploying funds internationally to open up on their operations. Counting all the investments of central banks, official investment agencies, sovereign funds and public pension funds, global public investors now own about $30 trillion of assets worldwide — a growing force on the world investment scene...............................................Full Article: Source
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