This link has been bookmarked by 21 people . It was first bookmarked on 20 Sep 2008, by joe tann.
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24 Nov 13
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28 Oct 13
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25 Jul 12
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Some countries worry that foreign investment by SWFs raises national security concerns because the purpose of the investment might be to secure control of strategically important industries for political rather than financial gain. These concerns have led the EU to reconsider whether to allow its members to use "golden shares" to block certain foreign acquisitions
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Their inadequate transparency is a concern for investors and regulators: for example, size and source of funds, investment goals, internal checks and balances, disclosure of relationships, and holdings in private equity funds. Many of these concerns have been addressed by the IMF and its Santiago Principles, which set out common standards regarding transparency, independence, and governance
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22 May 11
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A sovereign wealth fund (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments
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13 Jan 11
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A sovereign wealth fund (SWF) is a state-owned investment fund
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Sovereign wealth funds invest globally. Some of them have grabbed attention making bad investments in several Wall Street financial firms including Citigroup, Morgan Stanley, and Merrill Lynch.
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Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance.
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23 Dec 09
Tia LucasThis site has invaluable information about fund
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01 Oct 09
Nancy BoyntonA webpage on fund
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24 Feb 09
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A sovereign wealth fund (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds have gained world-wide exposure by investing in several Wall Street financial firms including Citigroup, Morgan Stanley, and Merrill Lynch. These firms needed a cash infusion due to losses resulting from the subprime mortgage crisis.
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Some sovereign wealth funds are held solely by central banks, who accumulate the funds in the course of their management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings which are invested by various entities for the purposes of investment return, and which may not have significant role in fiscal management.
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The accumulated funds may have their origin in, or may represent foreign currency deposits, gold, SDRs and IMF reserve positions held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other industrial and financial holdings. These are assets of the sovereign nations which are typically held in domestic and different reserve currencies such as the dollar, euro and yen. Such investment management entities may be set up as official investment companies, state pension funds, or sovereign oil funds, among others.
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There have been attempts to distinguish funds held by sovereign entities from foreign exchange reserves held by central banks. Soverign wealth funds can be characterized as maximizing long term return, with foreign exchange reserves serving short term currency stabilization and liquidity management.
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Many central banks in recent years possess reserves massively in excess of needs for liquidity or foreign exchange management. Moreover it is widely believed most have diversified hugely into assets other than short term, highly liquid monetary ones, though almost no data is available to back up this assertion. Some central banks have even begun buying equities, or derivatives of differing ilk (even if fairly safe ones, like Overnight Interest rate swaps)
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the shift from traditional reserve management to sovereign wealth management
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Most of the savings of SWFs originate in accumulated foreign currency reserves.
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In the 1990s and early 2000s, central banks began to hold ever more vast numbers of assets in multiple currencies. Given the sizes (beginning to surpass the total outstanding of domestic bond and stock markets), these amounts have been increasingly often invested in non-traditional banking assets by entities with a specific mission, set by the public authorities.
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The traditional investment vehicles for sovereign wealth in the form of foreign currency reserves have been the debt instruments such as government bonds from the industrialized nations.
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The low returns on these investments, however, have prompted nations with excess foreign reserves to invest in equities to achieve a higher return.
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The expanded activities of the SWFs over the past several years as well as the increased amounts available to the funds have created concern that the SWFs can destabilize financial markets and the global economy if their investments are motivated by political rather than economic considerations.
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Most of this growth stemmed from an increase in official foreign exchange reserves in some Asian countries and rising revenue from oil exports. There was also an additional $6.1 trillion held in other sovereign investment vehicles, such as pension reserve funds, development funds and state-owned corporations and $5.3 trillion in official foreign exchange reserves not held in other sovereign investment vehicles.
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Super Seven funds:
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02 Oct 08
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There have been attempts to distinguish funds held by sovereign entities from foreign exchange reserves held by central banks. The former can be characterized as maximizing long term return, with the latter serving short term currency stabilization and liquidity management.
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This excess liquidity is not always possible or desirable to hold as money or to channel it into consumption immediately. This is especially the case when a nation depends on raw material exports like oil, copper or diamonds. To reduce the volatility of government revenues, counter the boom-bust cycles' adverse effect on government spending and the national economy or build up savings for future generations, SWFs may be created. One example of such a fund is The Government Pension Fund of Norway.
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The Government of Singapore Investment Corporation and Temasek Holdings are partially the expression of a desire to bolster Singapore's standing as an international financial centre.
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Some countries worry that foreign investment by SWFs raises national security concerns
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this strategy has largely been excluded as a viable option by the EU, for fear it would give rise to a resurgence in international protectionism.
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Their inadequate transparency is a concern for investors and regulators.
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19 Jun 08
dr. woooophrase taken from the g8 japan article- strategic assesment article earlier
after?-neoliberalism morphing-capital-architectures class-composition
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20 May 08
Dante-Gabryell MonsonThe accumulated funds may have their origin in, or may represent foreign currency deposits, gold, SDRs and IMF reserve positions held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or ot
Finance Economics WorldPolitics SWF for:mbauwens for:zellerdelicious for:srose
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09 Mar 08
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