SWF Radar

Thomson Reuters reports that, “The world’s sovereign wealth funds, which control an estimated $3 trillion (1.5 trillion pounds) in assets, may not agree to a code of conduct by October as planned, a top International Monetary Fund official was quoted as saying.”

The article quotes John Lipsky, the IMF’s deputy managing director, as saying that, “When you talk about a code of conduct, some funds are worried that someone wants to tell them what to do. But we are not talking about that … The funds are interested in the creation of such a document as it is useful in itself and it guarantees them access to the market on fair terms.”