21.05.2009 - Wealth funds remain popular: Seven new SWFs soon
From Forbes.com: Seven new sovereign wealth funds are in the works around the world. Although financial markets have collapsed, oil prices have dropped and global imbalances are unwinding, countries around the world remain interested in setting up new sovereign wealth funds. Seven new ones are expected to be created during 2009: CIC 2. In China, a draft proposal was recently submitted to the State Council for approval to establish a domestic-oriented SWF with at least $7.3 billion of initial capital.......Full Article: Source