China announces that it will issue bonds worth $200 billion to capitalize its new investment fund. The Qatar and Dubai governments agree a deal to set up a new vehicle looking at international and regional investment opportunities. The Abu Dhabi authorities spin off a new investment arm, the Abu Dhabi Investment Council, from the Abu Dhabi Investment Authority (Adia).
Not a week goes by without a sovereign wealth fund grabbing the headlines. These vehicles, which are government run, are not new.
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