08.12.2011 - US state SWFs in spotlight
The rise of sovereign wealth funds signals a shift in the balance of economic and financial power in the world, with fast-rising powers creating sovereign wealth funds to invest vast sums of relatively new-found wealth. Discussions and analyses of sovereign wealth thus tend to focus on international relations and politics. But many SWFs have existed for decades, and some of these older SWFs are owned by US states...............................................Full Article: Source
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