Publication type: Book part
Type of review: Editorial review
Title: GCC sovereign wealth funds : challenges, opportunities, and issues arising from their growing presence on the global landscape
Authors: Rios-Morales, Ruth
Ramady, Mohamed A.
Brennan, Louis
DOI: 10.1007/978-1-4614-1611-1
Published in: The GCC economies : stepping up to future challenges
Editors of the parent work: Ramady, Mohamed A.
Page(s): 237
Pages to: 250
Issue Date: 2012
Publisher / Ed. Institution: Springer
Publisher / Ed. Institution: New York
ISBN: 978-1-4614-1610-4
Language: English
Subjects: Foreign direct investment; Hedge fund; Host country; International monetary fund; Investment strategy
Subject (DDC): 332.6: Investment
Abstract: GCC SWFs are very active global financial actors, investing primarily in foreign assets; these include equities, bonds, property, precious metals, and other financial instruments (IWG 2008). Unlike private equity and hedge funds, Arab SWFs have a long-term investment vision. GCC SWFs have invested in large companies and have concentrated in a limited number of industries, among them are the financial sector, heavy industry, and logistics. Although these investments have been welcome by host countries, GCC SWFs have garnered the concerns of policymakers and market players. Two main reasons account for such concerns: the dominant role of national governments in the management of these colossal funds. The second concern is related to the issue of transparency and accountability. The lack of transparency of these gigantic funds has propelled a debate about the challenges and opportunities for host nations. Parallel to this debate, strong feelings of protectionism in some Western countries had emerged fuelled by concerns around national sovereignty.
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: International Management Institute (IMI)
Appears in collections:Publikationen School of Management and Law

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