02.06.2009 - Sovereign wealth funds are homeward bound
From Pionline.com: Many government-owned reserve funds are looking at home rather than overseas for where to invest. The move began in late 2008, and is accelerating this year. Officials at sovereign wealth funds have been “burned” by recent forays into international developed economies, particularly in the financial sector, said Edwin Truman, senior fellow at the Peterson Institute for International Economics, a Washington-based non-profit research organization.........Full Article (Subscription Required) : Source