24/7 Wall St.
06-06-2008, 07:11 AM
24/7 Wall St. Daily News
Someone, or some entity, may have to sack the sovereign funds from the Middle East and Asia before they take over the Fortune 500. According to The Wall Street Journal "Despite their reputation as passive investors who buy small stakes, sovereign-wealth funds generally buy controlling interests in the companies they target." Which makes them like Carl Icahn and Nelson Peltz without the foreign accents. A study from an operation which calls itself Monitor Group shows that, of the 420 publicly reported equity investments by these funds since 2000, more than half involved taking a controlling interest. Congressman and activist groups...http://feeds.feedburner.com/~f/typepad/RyNm?i=92MPPI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=92MPPI) http://feeds.feedburner.com/~f/typepad/RyNm?i=TeRjXI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TeRjXI) http://feeds.feedburner.com/~f/typepad/RyNm?i=Qwc5oi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Qwc5oi)
complete story here... (http://www.247wallst.com/2008/06/sovereign-funds.html)
Someone, or some entity, may have to sack the sovereign funds from the Middle East and Asia before they take over the Fortune 500. According to The Wall Street Journal "Despite their reputation as passive investors who buy small stakes, sovereign-wealth funds generally buy controlling interests in the companies they target." Which makes them like Carl Icahn and Nelson Peltz without the foreign accents. A study from an operation which calls itself Monitor Group shows that, of the 420 publicly reported equity investments by these funds since 2000, more than half involved taking a controlling interest. Congressman and activist groups...http://feeds.feedburner.com/~f/typepad/RyNm?i=92MPPI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=92MPPI) http://feeds.feedburner.com/~f/typepad/RyNm?i=TeRjXI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TeRjXI) http://feeds.feedburner.com/~f/typepad/RyNm?i=Qwc5oi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Qwc5oi)
complete story here... (http://www.247wallst.com/2008/06/sovereign-funds.html)