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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (30925)	3/14/2008 9:20:16 AM
From: elmatador	Read Replies (1) \| Respond to of 217735

It is a pension fund. The funds belong to people working. A sovereign fund belongs to a sovereign state. The workers having huge pension funds become communists: that is workers owing the measn of production :-)

To: Moominoid who wrote (30925)	3/14/2008 10:29:08 AM
From: Elroy Jetson	Respond to of 217735

I've given my opinion on this before. <CALPERS is a sovereign wealth fund. How's it done?> Message 24357792 The looser the link to the owner, the worse it gets. Managing OPM (other people's money) is a guarantee of losses. I think there's more OPM in play with a Sovereign Wealth Fund than there is with a Calpers, college endowment, or even an Alaska Fund. It will be interesting to track the results of Norway's Fund. So far their entanglement with U.S. subprime paper is not reassuring. You can also pretty well characterize most new Sovereign Wealth Funds as amateurs. How much money will be lost in their education curve? .