Sovereign Wealth Funds to Ride Again?
As Western financial sectors reeled during 2007 and 2008, Asian and Middle Eastern sovereign wealth funds (SWFs) offered some succor, administering exotic medicine to banks poisoned by subprime toxins.
These White Knights cast a dark shadow, however, as questions -- and fears -- were raised about the political influence that, for instance, a Chinese government presence on the board of Barclays Bank might represent. ...
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