October 2012 Vol. 17 No. 10
Funds crippled by over-cautious approach
By Toby Garrod
Many of Asia’s government-run pension plans and sovereign wealth funds are ill-equipped to navigate the financial markets in their current form, says one industry veteran, due to the additional levels of bureaucracy that have been put in place as they try to tackle an array of problems, not least of which is media risk.
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