Asset Classes and Investment Policy
Think tanks such as the World Pensions Council (WPC) have argued that the extended investment horizon of sovereign wealth funds allows them to act as long term investors in less liquid assets such as unlisted companies, commodities, real estate and infrastructure assets, a trend likely to develop further as banks and insurance companies decrease their exposure to these asset classes in the context of the Basel 2 and Solvency 2 regulatory constraints.
Read more about this topic: Sovereign Wealth Fund
Famous quotes containing the words asset, classes, investment and/or policy:
“When ... did the word temperament come into fashion with us?... whatever it stands for, it long since became a great social asset for women, and a great social excuse for men. Perhaps it came in when we discovered that artists were human beings.”
—Katharine Fullerton Gerould (18791944)
“Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
—Mao Zedong (18931976)
“There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)
“Will mankind never learn that policy is not morality,that it never secures any moral right, but considers merely what is expedient? chooses the available candidate,who is invariably the devil,and what right have his constituents to be surprised, because the devil does not behave like an angel of light? What is wanted is men, not of policy, but of probity,who recognize a higher law than the Constitution, or the decision of the majority.”
—Henry David Thoreau (18171862)