14.08.2008 - `The closer you look, the harder it is to generalize about sovereign funds`

From Brad Setser's Blog: Some are unleveraged and focus on returns, in much the same way a typical pension funds. Some are leveraged. Some have a mandate that extends beyond financial returns, looking more like industrial policy vehicles than a typical pension fund. And some don’t disclose enough for anyone to know what they really do... Full article: Source

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