Sovereign Wealth Funds is the first book to compile a history of sovereign wealth funds, recounting the Abu Dhabi Investment Authority's involvement with the scandal-plagued BCCI bank and Chinese arms exports to Iran. By constructing a history within the proper context of oil-driven surpluses and large inflationary pressures with no international investment framework, this book explains the development and growth of sovereign wealth funds. In a straightforward and accessible style, Sovereign Wealth Funds examines the complex and amazing growth of an unknown group of investors controlling trillions of dollars worldwide.
Praise for Sovereign Wealth Funds
— Tyler Cowen of MarginalRevolution.com
"Author Christopher Balding having recognized—like many of us—that he knew too little about sovereign wealth funds, set about doing something about it. The result is an excellent source of information on SWFs."
— John Chown