29.12.2008 - Brazil creates SWF against Congress's wishes
From Brazzilmag.com: Luiz InĂ¡cio Lula da Silva, the president of Brazil, has signed a law creating a sovereign wealth fund to protect the country from the global financial crisis and help Brazilian companies boost trade and expand overseas. The presidential press office said in a statement that Lula signed the law on Wednesday as well as a temporary measure founding the fund with the equivalent of almost US$ 6 billion..... Full Article: Source