More than 20 countries have set up sovereign wealth funds while a dozen more have expressed interest in establishing them. Many of these sovereign wealth funds are picking up stakes in U.S. companies, which is raising concerns about the need for regulating them. Up until the $700 billion bailout, which effectively is a U.S. [...]
:: Saturday, March 20, 2010
The present credit crisis in the United States has resulted in some sovereign wealth funds picking up stakes in U.S. companies. Sovereign wealth funds are investment funds owned by national governments. These funds are generally well armed with cash but very secretive. There is no uniformity among the sovereign wealth funds that are investing in [...]
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