Wednesday, Jul 14, 2010
0800 GMT [Zawya Dow Jones]--Soverign wealth funds, including Abu Dhabi Investment Authority, or ADIA, and the Libyan Investment Authority, or LIA, need to be more transparent at a global level to avoid the growth of protectionism, Harriman House says in a recent report. "Considering the size of SWFs and the consequent potential for imitative or 'herd' behavior, their opacity, and the fact that they are not regulated, they can also be potentially destabilizing for the markets," writes Alberto Quadrio Curzio in the report 'Sovereign Wealth Funds'. Harriman adds ADIA is the least transparent SWF as in its 30 years of existence the fund has never publicly declared the value of its portfolio nor disclosed a list of its shareholdings.
(tahani.karrar@dowjones.com)
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(END) Dow Jones Newswires
14-07-10 0701GMT
