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Corporate & Securities Law

: BusinessAssociationsBlog.com

CalPERS as SWF?

By Stephen Bainbridge

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Benn Steil offers up a provocative take on CalPERS: Deputy Treasury Secretary Robert Kimmitt recently spelled out a few policy principles for sovereign wealth funds (SWFs), the most important of which was this: “Invest commercially, not politically.” Mr. Kimmitt’s concern is that “governments could conceivably employ large pools of capital in noncommercially driven ways...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on March 07, 2008 (boomark / email).

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