Jay Park Quoted in LEXPERT Regarding Sovereign Wealth Funds
In speaking of the love-hate relationship that the increased diversification of international portfolios has fostered, Jay states that "[o]n the sellers' side, people love their money and their aggressive pricing, but bidders can get frustrated at how competitive SWFs can be".
Jay also touches on the fact that it isn't only financial might, liquidity and easy credit that drive the competitiveness of SWFs. "SWFs may have goals beyond the pure economics of profitability. These could be as diverse as securing oil or other natural resources, building relationships or turning national brands into global leaders".
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