| From Euractiv.com: Prior to the crisis, Sovereign Wealth Funds had sometimes been seen as the tools of governments acting extraterritorially to further opaque foreign policy aims. But the role of SWFs in recapitalising the financial sector, particularly in emerging economies, has begun to transform this image.
Kazakhstan's own fund, Samruk-Kazyna, took an 81% stake in the country's largest bank, BTA, helping it to restructure with the assistance of US and UK advisers. As well as managing the wealth of the country's vast natural resources, Samruk has a specific mandate to attract investment and drive modernisation within Kazakhstan..............................................Full Article: Source
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