SWFs meet in Oz
Earlier this month, 22 of the world’s sovereign wealth funds met in Sydney to discuss issues they all face with investment.
One of the main concerns was about unfair restrictions put on SWFs when they look to invest internationally. CIC's supervisory board chairman asked that funds be treated "fairly and not discriminated against," while David Murray, head of Australia's Future Fund, reported "curious treatments of SWFs." On the flipside, there are still a lot of questions surrounding the transparency of SWFs. Until recently, most of their activities and performance have been shrouded in mystery. Some are beginning to put out documents like annual reports, while groups like China Investment Corporation (CIC) prefer to remain tight-lipped.
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