12.10.2009 - Front-running game hurts sovereign fund return-SWFs
From Forbes: Moves by parts of the investment community to front-run investments made by sovereign wealth funds hurts returns of state-owned investors, a group of leading sovereign funds said on Friday. "Because we are generally large institutional investors, there is the whole community of investment banks, brokers, analysts and others who want to front-run our investments in the market," David Murray, who chairs the International Forum of Sovereign Wealth Funds, told a news conference at the end of a two-day meeting in the capital of Azerbaijan.......................Full Article: Source