Sovereign-Wealth Funds Are a:
A lot of people think sovereign-wealth funds are here tostay. More than half (58%) chose that as a response to this week'sQuick Poll question. One-quarter of the poll respondents picked"Passing Fancy," and a scant 17% said they were a"National-Security Threat." Michael Frankel, CFO and partner withLos Angeles-based Rexford Industrial, thinks highly ofSovereign-Wealth Funds.
They're here to stay, and to grow further. The first phase ofthis type of investment is with large sovereign entities like Chinaand the Middle East seeking safe-havens and diversifications in theform of US treasuries or trophy assets in the form of real estateor corporate investments.
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