IRRCi and Risk Metrics have just published a huge research report on SWFs. Weighing in at 154 pages, there is enough there to keep any SWF wonk busy for a few hours. The most significant claim is that many SWFs remain GAPP non-compliant:
“One year after the introduction and adoption of the Santiago Principles, while a few funds have achieved a comparatively high level of disclosure, the public disclosure levels of a number of SWFs have not yet met the Principles’ standards.”
If this is the case, why are SWFs concerned about too much transparency?
1 Response to “GAPP Non-Compliance”