09.09.2011 - Sovereign wealth funds: Who, what, where and why
Recently, media reports suggested that India was debating the pros and cons of creating a sovereign wealth fund (SWF). Earlier this month, Thailand’s finance minister also suggested that the country could use some of its $189 billion in foreign reserves to set up a SWF to invest in regional infrastructure deals. But what exactly are SWFs? While they handle billions in public money, very little is known about these funds. For example, can you name the world’s biggest sovereign wealth fund? How about their funding sources? Or, what is the region that accounts for the maximum number of sovereign funds?.............................................Full Article: Source
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