Senate orders investigation of sovereign-wealth funds

01/11/2008 | Times (London) (subscription required), The

While Merrill Lynch and Citigroup are negotiating additional capital injections from various sovereign-wealth funds, the Government Accountability Office in the U.S. has started looking into the funds' investments, disclosures and how much money they control. The Senate's banking, housing and urban affairs committee ordered the investigation and can propose legislation if it finds that the funds pose a threat.

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