GAPP Non-Compliance

Ashby Monk

IRRCi and Risk Metrics have just published a huge research report on SWFs. Weighing in at 154 pages, there is enough there to keep any SWF wonk busy for a few hours. The most significant claim is that many SWFs remain GAPP non-compliant:

“One year after the introduction and adoption of the Santiago Principles, while a few funds have achieved a comparatively high level of disclosure, the public disclosure levels of a number of SWFs have not yet met the Principles’ standards.”

If this is the case, why are SWFs concerned about too much transparency?

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This website is a project of Professor Gordon L. Clark and Dr. Ashby Monk of the School of Geography and the Environment at the University of Oxford. Their research on sovereign wealth funds is funded by the Leverhulme Trust and The Rotman International Centre for Pension Management.

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