New SEIU Report on Sovereign Wealth Funds Highlights Need for New Regulation
The SEIU has released a new report on Sovereign Wealth Funds to highlight glaring gaps in the rules for assessing foreign investments in U.S. companies, which continue to depend principally on voluntary disclosure. As the report points out, these regulations were largely designed to address foreign entities taking a direct ownership interest in domestic assets, and therefore faile to address the indirect ownership structures that characterize private equity.
The report is available online at www.behindthebuyouts.org.