03.02.2011 - Sovereign funds shift to passive strategies
From Investordaily.com.au: Sovereign wealth funds have been shifting from active to passive investment management strategies over the last 12 months as a result of turbulence in the financial markets, according to a survey by State Street Global Advisors (SSgA). "When losses occur, questions are not only asked about the scale of the losses, but also, how they happened," SSgA Official Institutions Group senior managing director John Nugée said..............................................Full Article: Source
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