| In recent years I’ve been watching the mismanaged investments of another class of supposedly savvy investors—sovereign wealth funds. These emerging heavyweight investors—new to Wall Street—seem to be making all the wrong moves, such as blindly trusting the same old investment powerhouses that have proven to most Americans they can’t be trusted.
Worse still, sovereign wealth funds (like U.S. public pensions) get seduced into “exclusive” strategic partnerships with investment firms that have rap sheets that would make a serial killer blush. Little analysis is undertaken regarding concerns that are paramount to institutional investors in America today such as conflicts of interest, fiduciary duties, corruptive industry practices, undisclosed and excessive compensation arrangements, fraud and misrepresentation and their impact upon net performance...............................................Full Article: Source
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