| From Allaboutalpha.com: It seems that sovereign wealth funds are the latest “scary” thing in the media – perhaps scarier than high-frequency traders, Irish banks, Greek tax collectors or U.S. subprime borrowers. But there’s a difference: where the latter may blow up an economy, SWFs merely threaten to take it over, or at least its commanding heights (whatever those are these days).
Sovereign wealth funds are not a terribly new idea of course: Kuwait’s sovereign wealth fund dates back to 1953, Norway’s to 1967..............................................Full Article: Source
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