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Sovereign Wealth Funds

JohnTT

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What happens if the investment by SWF goes wrong? Recently there are more & more write-offs by big established overseas banks, brokerage houses & mortgage houses.
 

kakowi

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sovereign wealth funds derive their seed funds from interests on foreign reserves, pension funds, government budgetary surplus (government revenue is derived in large part from taxation (direct and indirect))

china has a large budgetary surplus, possibly through its position as the manufacturer of the world
uae has a large budgetary surplus, possibly through the surging oil prices

what happens if they make a bad choice?

it all depends on their primary source of funds and the urgency of needing fresh funds to replace the shortfall
 

Soundwave

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The world will never know about it! :biggrin: But SWFs are supposed to diversify their risks so damage should in theory be limited.
 

JohnTT

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Loyal
sovereign wealth funds derive their seed funds from interests on foreign reserves, pension funds, government budgetary surplus (government revenue is derived in large part from taxation (direct and indirect))

china has a large budgetary surplus, possibly through its position as the manufacturer of the world
uae has a large budgetary surplus, possibly through the surging oil prices

what happens if they make a bad choice?

it all depends on their primary source of funds and the urgency of needing fresh funds to replace the shortfall



Where do Singapore SWFs get their funds from? :confused:
 

storm

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If everything is so open, why bother investing. There will be no opportunity to talk about.

Those people who wanted SWF to be open books are people who are jealous and try to put a stop to it. They (US, Europe) earn money can, other countries cant. Fair? My foot.
 

kakowi

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My opinion is that it is not a matter of jealousy but of prudence

the amounts invested by swf are enormous...the potential for corruption is always there...an open book policy will reduce the risks tremendously

...

to take an imperfect analogy, the NKF...if their financial statements showing the amounts received and spent in moderate detail was compulsorily given, ie an open book, then the mess would have been discovered earlier...thus there is now a requirement for charities to open their financial statements to the public...this encourages public accountability

...

'open' does not mean telling every one where they are going to invest; 'open' means showing their financial statements, balance sheets and p&l statements
 
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