March 21, 2008
SWFs Adopt Investment Principles
Treasury Secretary Paulson announced that the Abu Dhabi and Singapore SWFs adopted investment principles committing them to avoid "geopolitical goals," promote disclosure of investment activity and adopt strong internal controls. In addition, the IMF plans to develop "best practices" for SWFs. NYTimes, Sovereign Funds Agree to Shun ‘Geopolitical’ Investing; WSJ, Code Is Set for State-Run Funds.
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