sovereign wealth funds

Full article . . . The new kids on the block, in terms of economic might, are sovereign wealth funds. Clouding their speedy rise are questions raised by Western media and governments about their management and purposes. Do they pose a threat to political stability? “That’s the three-trillion dollar question,” said Douglas Rediker, Co-Director of the Global Strategic Finance Initiative at the New America Foundation, in an interview with HPR. Sovereign wealth funds have never been… more

New Moves on Wealth Funds (National Journal, subscription only)

. . . Some analysts suggest that the likely ineffectual nature of the forthcoming IMF code of conduct and the reluctance of the Bush administration to take a tougher line reflect the impotence of the United States -- the world's largest debtor nation -- in regulating sovereign wealth funds.

"The leverage is not with us," said Doug Rediker, co-director of the New America Foundation's Global Strategic Finance… more