30.06.2011 - Asian investors to Europe's rescue?
The biggest topic they all discussed was the rise of the then easy-to-be-nasty-about Sovereign Wealth Funds (SWFs). At the end, I made myself rather unpopular by asking why did they really think the topic of SWFs was so vital for European competitiveness, and moreover, why did they believe they were so unwanted? Just before this event, it was rumoured that the new owner of Manchester City was one of the dreaded SWFs. I joked that at least the blue half of Manchester currently thought SWFs were a rather good thing..............................................Full Article: Source
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