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Until it's clear that the favorable Minnesota ruling won't be overturned and will be followed in other courts, wealth advisers are playing it safe.
Similar(56)
Private equity firms have been courting sovereign wealth funds as partners, not just as investors in their funds.
G.M. has been courting sovereign wealth funds, or state-owned investment funds, from Asia and the Middle East to invest in the stock, and is negotiating to sell a 1 percent stake in the company to its Chinese partner, the SAIC Motor Corporation.
Top Lehman executives have been knocking on doors all over the world seeking a capital infusion, courting sovereign wealth funds and investors like the Korean Investment Corporation, Korean Development Bank and Citic of China.
FINANCIAL TIMES Terra Firma is Said to Court Sovereign Wealth Fund | The private equity firm Terra Firma Capital Partners is trying to raise about $1.3 billion from a sovereign wealth fund, and has been approached by investors from China and the Middle East, unidentified people close to the matter told The Financial Times.
If banks suddenly lost confidence in government debt, the result could be both a systemic banking crisis and a funding crisis for the Japanese government.Finance ministers and debt managers are spending more time on the road, in particular courting sovereign-wealth funds in Asia and the Middle East.
This travesty follows decades of ill-conceived policies and court decisions concentrating wealth and power in the hands of the few at the expense of the many.
By the time this work was painted, the once-independent orthodox artists had become court employees, bringing wealth to themselves and luster to the dynasty they served.
While the law still allowed donations to be made through a segregated fund, the court noted "corporate wealth can unduly influence elections".
The rest of Iran remained mired in abject poverty as the nouveau riche royal court flaunted its wealth.
Some seven months later, on Monday, an appeals court cleared her of corruption charges, saying that the trial court had "exaggerated" her wealth.
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