Commentary: Western companies should embrace SWFs

05/23/2008 | Financial Times (free content)

The global marketplace has advanced dramatically in the past 25 years, writes Peter Weinberg, founding partner of Perella Weinberg Partners and former chief executive of Goldman Sachs International, but an aversion to sovereign wealth funds by American and European governments, companies and consumers threatens to set back globalization. Instead, Western companies, and by extension their governments and citizens, should embrace and reward the interest of these funds.

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