By Bree Bang-Jensen
A summary of some recent blogosphere offerings on sovereign wealth funds:
SWFs Are a Natural Result of Free Trade: Felix Salmon, “SWFs vs Free Trade,” in Market Movers at Portfolio.com.
There’s no irony in US banks being recapitalized by the entities which are running a trade surplus with the US.
SWFs Underperform: Paul Kedrosky, “Sovereign Wealth Funds=> Stocks Weaken Faster,” at Infectious Greed.
There’s further evidence today why SWFs aren’t exactly seen as smart money.
Stabilization Funds, SWFs’ Poorer Cousin: “Stabilisation Funds,” from the Financial Times.
With sovereign wealth funds saving the western world, it is easy to forget about their poorer relatives. But stabilisation funds, designed to achieve medium-term macroeconomic stability rather than higher returns from excess forex reserves, are shimmying back into the limelight in some emerging markets
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