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The New Hot Money.(Periscope; What Goes Around)(government investment funds)(Brief article)
Byline: Barrett Sheridan
Government investment funds, particularly in oil states, are the new giants of global finance. The biggest, from the United Arab Emirates, controls three quarters of a trillion dollars, which is why Westerners are scared. G7 Finance ministers have called on the IMF, World Bank and OECD to investigate the funds' transparency and accountability. SEC Chairman Christopher Cox warned the funds "call into question the ...
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