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Big, But Not Very Bad.(Periscope; GIANTS OF FINANCE)(sovereign wealth fund)(Brief article)

Newsweek International

| July 14, 2008 | Foroohar, Rana | COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Rana Foroohar

Sovereign wealth funds aren't so scary. That's the finding of a new study of SWFs, the booming investment arms of petro states like Saudi Arabia and emerging giants like China. The recent SWF investments into groups like Citibank and Merrill Lynch raised concerns that these state funds are now rich enough to buy into strategic Western assets. But the Monitor Group study of 785 public SWF investments since 2000 ...

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