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Article: Arab funds under scrutiny.(BUSINESS & FINANCE)(Cover story)
- Article from:
- The Middle East
- Article date:
- October 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 IC Publications Ltd. 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)
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While pressures are mounting for Arab state-supported funds to disclose more about their global investment strategies and current holdings, many private investors in Europe and Asia are welcoming their new-found willingness to pay high prices for shares in some of the world's leading corporations, such as HSBC, Sainsbury and Deutsche Bank. And with the total assets of these funds estimated to rise from more than $1.2 trillion to $2 trillion in the GCC alone by 2009, few expect their appetite for foreign shares and equities to diminish, barring a spate of new government regulation in North America and Europe.
THE PRESSURE FOR disclosure has been mounting rapidly ...