7th Feb 2008
America's financial regulator yesterday gave warning that Middle Eastern and Chinese government-controlled sovereign wealth funds “raise a number of securities law enforcement issues”.
Sovereign wealth funds, such as Singapore's Temasek and the Kuwait Investment Authority, have collectively in recent months injected about $30billion (£15.4billion) into Wall Street firms, in return for large minority stakes in Merrill Lynch, Citigroup, Bear Stearns and Morgan Stanley.
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