Paulson reassures sovereign-wealth funds

06/3/2008 | Financial Times (free content)

Treasury Secretary Henry Paulson made a push Monday to attract investors from the Gulf region, including investments from sovereign-wealth funds. The funds have been under scrutiny in the U.S. since snapping up distressed assets in the financial sector. "Among some sovereign-wealth fund managers, our initiative has raised concerns [that] we are trying to limit the scope of their activities. ... In fact our purpose is just the opposite," Paulson said.

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