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Perhaps the concern is about valuation effects on German net foreign wealth.
It matters, he says, what a nation's foreign wealth is composed of.
It managed US$118.4bn – about 4% of all the foreign wealth managed by Swiss banks.
America will now have more information about its taxpayers' foreign wealth than it gathers on their domestic holdings.
Foreign wealth, meantime, is pouring into London.In this section The $9 trillion sale Can François do a Gerhard?
They also have, in a manner Henry James would admire, effected a shrewd marriage of foreign wealth and local nobility.
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Foreign sovereign wealth funds in the Middle East are believed to be among those who have been awarded shares.
Potential buyers could include foreign sovereign wealth funds and other infrastructure investors attracted by steady rates of return, he said.
The news coverage drew the scrutiny of regulators, eventually leading Goldman to limit its offering to its foreign private wealth clients.
He has represented major financial institutions, such as Credit Suisse, JPMorgan, and Morgan Stanley, as well as foreign sovereign wealth funds, in sophisticated financial and other transactions.
But the Qataris remained, by some distance, the largest foreign sovereign wealth buyers of real estate in London last year, and most analysts expect that to mark merely a temporary pause in their onward march.
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