Sovereign wealth funds are hot.   A senior JP Morgan Chase banker, quoted in Time: "SWFs ... are the new 'it' girl of global finance. Everyone wants a piece of them."  Almost every investment bank …

NOTE: THIS POST WAS EXTENSIVELY REVISED ABOUT 5 HOURS AFTER IT WAS INITIALLY POSTED.  I DIDN’T HAVE TIME TO DO A FULL ANALYSIS IN THE MORNING.     The big story of the October TIC data is, obviously…

A number of oil exporters have, through their sovereign funds, effectively invested some of the fiscal surplus from high oil prices in troubled US and European banks. The Abu Dhabi Investment Authori…

Chinese inflation soared to 8.7% -- above expectations. An ominous sign, particularly given how fast reserves are growing and the potential difficulties sterilizing all the "hot money" flowing into…