This publication is now archived. How are relations between Japan and South Korea?They worsened in mid-October after Japanese Prime Minister Junichiro Koizumi visited the Yasukuni Shrine, a memorial …

An anonymous partner at a mid-sized London hedge fund expressed something I was trying to say a couple of weeks ago fair better than I could have.   From the Financial Times: "A lot of managers…

I usually talk about the growth of the foreign exchange reserves of key emerging economies, but another feature of the past few years has been the fall in their external sovereign debt.   Joanna Chun…

Everyone now wants to talk about sovereign wealth funds, both how big they will become and how they will (or will not) impact a range of markets.  I tend to agree with Tony Tassel and Joanna Chung of…

Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds.   Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…