Sovereign wealth funds: Investment vehicles or political operators?
Credit: Al Bawardi Critchlow
By James M. Dorsey
The $6.85 billion acquisitionin 2006 of Peninsular & Oriental (P&O) Steam Navigation Company, a storied British shipping and logistics company, by Dubai’s state-owned DP World, one the world’s largest port management and terminal operators, sparked fears that governments could employ cash-rich sovereign weal…
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