SWF Radar RachelZiemba

Rachel Ziemba of RGE has produced a profile of the Government Investment Corporation of Singapore (GIC).

The Oxford International Review’s SWF blog has published an interview with RGE Monitor’s Rachel Ziemba.

Among other things, she says that, “[A]s ostensibly long term investors, [SWFs] could be the ideal investors, not subject to redemptions, willing to take a long-view, increasingly seeking out partnerships. But on the other hand, the willingness of some to be passive investors may weaken the role of other stakeholders.”

Rachel Ziemba of RGE discusses eight possible reasons why SWFs have been steering clear of Wall Street in recent months.

Rachel Ziemba writes that, “Sovereign funds… do seem to be investing more in energy-related equities or joint ventures (and doing the same with other resources). Many of these stakes are quite small and shouldn't pose concerns about strategic sectors. But it is a developing trend.”

NPR quotes Rachel Ziemba of RGE as saying that, “Because of the size of our market, we have had the surprising ability of a debtor to set the terms. We may not be able to dictate where they put that money anymore.”

Below the article are several links to articles by Rachel Ziemba on sovereign investment.

Rachel Ziemba of RGE writes (filling in for Brad Setser at his blog) that, “Reports from [Norway’s Government Pension Fund-Global and Singapore’s Temasek Holdings]… give us some clues as to how other, less transparent sovereign investors might be faring in the current market. [Apparent losses by these investors] might call into question the expected rate of growth of such funds. Furthermore they raise the question of whether the risk management operations of these funds are up to the challenge.”

Rachel Ziemba writes at RGE Monitor that, “Developing Islamic banks is a key part of the goals of all GCC governments to promote domestic financial centers… GCC governments now may be stepping in in a new way, as consumers of Islamic financing.”

Nouriel Roubini and Rachel Ziemba (RGE Monitor) write in Time magazine that, “[T]he wealthiest country in the world may no longer be able to afford to be so picky about who rides to its rescue and on what terms.”

Rachel Ziemba of RGE Monitor has written a short piece on the Joint Congressional Committee on Taxation’s report (PDF) on the “Economic and U.S. Income Tax Issues Raised by Sovereign Wealth Fund Investment in the United States,” which was released yesterday.

Rachel Ziemba of RGE writes at Brad Setser’s blog that, “Stabilizing they might be, but the evidence suggests that many of these funds have sustained significant losses in recent months, highlighting the importance of selecting managers.”