Sovereign wealth funds: controversial, but here to stay

Author: Tom Young | Published: 9 Jan 2008

Sovereign wealth investments may be causing equal measures of panic and glee among central governments and flailing investment banks, but it would appear that the legality of their dealings cannot be questioned. For now at least.

China's State Administration of Foreign Exchange (Safe) purchased stakes in three of Australia's largest banks in late December, attracting opposition...

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