14.09.2010 - Sovereign wealth funds evolving with the tide
From Gulfnews.com: Sovereign wealth funds (SWF) are exploiting their overseas investments to contribute to economic development back home. "In conversation with several Middle East SWFs, they see themselves almost as sovereign development funds," said Nuno Fernandes, professor of finance at Swiss business school IMD. This may take the form of inviting investee companies to market their products in the home market, influencing decisions about where to site offshored production facilities, building joint ventures with the companies in the home market, or acquiring intellectual capital to develop a new domestic industry..............................................Full Article: Source
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