Another excellent collection of folks at the annual Gateway conference, a
meeting of British American Business leaders.
Sir Wim Bischoff, Chairman of Citigroup, gave the keynote speech all about the impact of Sovereign Wealth Funds
(SWF). Although they have been around for decades, it has only been the recent
experiences with Middle Eastern, Chinese, Russian and other nation’s funds
buying big chunks of foreign businesses, that this has really appeared above the
Bearing in mind their lack of transparency and potential threat to national
interests, the idea of Chinese or Russian funds buying up large swathes of
American and British businesses is something that many are wary of, and Sir Wim
asked the question: should we be?