Thursday, October 23, 2008

Sovereign Wealth Funds....

Sovereign wealth funds are facing a growing backlash in countries from Germany to the United States, where their acquisitions in strategic industries such as defense or transportation have raised hackles. But the economic downside of having a U.S. company owned by an arm of the Singaporean, Dubai or even Russian government isn’t immediately apparent. What would a full-scale backlash against SWFs mean for my investments, both here and overseas?

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