14.10.2009 - SWFs are slow to adopt Santiago principles
From Socialfunds.com: In October, 2008, the International Working Group of Sovereign Wealth Funds (IWG) published the Santiago Principles, a set of 24 voluntary principles designed to ensure transparent and sound governance structure, and compliance with applicable regulatory and disclosure requirements in the countries in which they invest, by sovereign wealth funds (SWFs). SWFs are defined by the International Monetary Fund (IMF) as "special purpose investment funds or arrangements, owned by the general government." Their investment strategies include investing in foreign financial assets.......................Full Article: Source
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