OK, ill admit it. I cant get enough on the Sovereign Wealth Fund (SWF) news. While it seems there is a lot of hype, there is no denying (just like the song) that there is something happening here, but what that is - well, thats not exactly clear. But some recent developments....
We know SWFs are not new (see Sweden). We know they are getting more sophisticated then just boring old debt and equity placements (see China and Blackrock). We also know that sometimes they can grab an interesting headline (see Abu Dhabi and Citigroup).
China seems to be creating a distinct strategy. Its an interesting idea, but one that Ill need to some time on to see how it works out.
And if you want to read something less dry, heres a New Yorker piece on the topic.
Stay tuned to this blog for more.....
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