More sovereign wealth disclosure?
The Financial Times says sovereign wealth funds manage assets worth more than $2,000 billion. That value will only rise over the next few years. There has been some signs of a backlash, but as far as financial services companies go, it does not seem to be materializing. A good thing for an industry that desperately needs the cash. Still, there are those who think such funds would be wise to disclose more about their holdings and returns. Voluntary standards would not hurt, of course. But it may be that we never get complete information about what bank partners also hold. There could be some investments that might spark some pointedly worded shareholder resolutions. The best thing the industry did was structure these investments as passive.
For more:
- here's the Financial Times article




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