| With most of the funds disclosing little information, lawmakers in some countries are looking for poor performance or even wrongdoing. Running sovereign wealth funds in the Gulf has become an awkward business in the era of cheap Crude Oil, as their managers face growing pressure from politicians and the public to prove they’re investing national reserves wisely.
When Crude Oil prices were high, the Gulf funds, some of the largest in the world came under little public scrutiny. Government coffers were full of energy revenues and the financial futures of the Gulf Arab states seemed secure. But with Brent Crude Oil now at little more then 50% last June’s level, the countries may be entering their toughest fiscal times since the 1990’s, and this has changed the political climate...............................................Full Article: Source
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