Those Fickle Sovereign Wealth Funds
Two years ago, sovereign wealth funds were the bogeymen of world finance – until the global financial crisis made worries about them seem to vanish. Now that the crisis is abating, concerns about the SWFs and their behavior are returning.
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NEW YORK – Two years ago, sovereign wealth funds (SWFs) were the bogeymen of world finance. Then came the global financial crisis, and worries about them seemed to vanish. Now that the crisis is abating, concerns about the SWFs and their behavior are returning.