28.10.2009 - Sovereign Wealth Funds: Much ado about some money
From Areadevelopment.com: The name “sovereign wealth fund” is both unfortunate and misleading. The term has endowed SWFs with a special and even threatening aura, even though, under international law, they do not enjoy sovereign immunity, as they are just state-owned entities, along with government-owned airlines, banks, shipping companies, etc. Kovacs asks, how important in fact are the SWFs? Of course, $3–5 trillion is a lot of money, but it is only a small part of the investment universe...........................Full Article: Source