10.05.2011 - Sovereign wealth funds fight for reputation
The world's largest government-controlled investment funds are gathering in Beijing this week to discuss ways to blunt criticism that their investments are driven by political agendas. The so-called sovereign-wealth funds are seeking to better coordinate their approach as they look to put their vast resources to work world-wide. "Despite efforts to allay concerns regarding the nature and intentions of [sovereign wealth funds], the prospect and discussion of discriminatory treatment of sovereign funds persists," said David Murray, chairman of the International Forum of Sovereign Wealth Funds, which includes more than 20 of the world's biggest sovereign-wealth funds.............................................Full Article: Source
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