A bid for trust
Recipient countries should draw a line at strategic and state-owned companies. But transparent and passive funds should not face discrimination
Sovereign Funds
Resources
State-backed investors seeking higher returns on their capital are buying western company shares, but the move has provoked a mixture of protectionism, anger and mistrust
Abu Dhabi takes fortunes to Hollywood
Fresh from buying into English Premier League football, Abu Dhabi has set out plans to become one of the world’s largest film producers, with $1bn to invest in productions to be made in Hollywood, Bollywood and beyond
Siemens in talks with Gulf and Russian SWFs
Siemens, Europe’s biggest engineering group, has held talks with sovereign wealth funds from the Gulf, Russia and other regions in an attempt to expand its long-term investor base
People’s Bank of China buys stake in the Pru
The move is a further example of the deployment of sovereign wealth by Asia’s economic giant. It is seen as a long-term holding rather than a step towards a takeover bid
Kuwait to lift Japan exposure
Kuwait is planning to ‘double or triple’ its investment in Japan, in a move that could take its total commitment to $50bn, according to Mustapha al-Shamali, the Gulf state’s finance minister
Managers eye Asian SWF billions
Competition is building up among the smaller firms as established SWFs look to diversify
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Comment and Analysis
Sovereign wealth funds: what needs to be done
Both recipient and domicile countries should take steps to defuse controversy to avoid any reversion to restrictions
Reject sovereign wealth funds at your peril
Hostility is dangerous because we are reaching a stage in the global economy where SWFs have other options, says Blackstone chairman Stephen Schwarzman
Opening up Japan
Takeovers and shareholder rights are a test of Japan’s appetite for reform. The investment world will be watching the result of proposed reforms
Abu Dhabi County
Some supporters may regret the passing of the good old days, but it is good that more clubs enjoy the financial backing to be serious competitors
China’s sovereign buyers
Just who is China Inc? The buyer feared by governments – and revered by cash-strapped investment banks – comes in several guises
As prices surge, Argentines cry foul over the official figures
Economists believe the government’s inflation data understate the rate at which prices are increasing – and it is about to get worse
Change is in the air for financial superclass
Elites cede power only reluctantly and there are signs of an effort to stave off the beginning of the end of the golden age, writes David Rothkopf
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