Elvira Sojli and Wing Wah Tham have a new paper out entitled, “The Impact of Foreign Government Investment: Sovereign Wealth Fund Investments in the U.S.” It’s a paper with an interesting conclusion; it shows that SWF investments, in the long-run, outperform hedge fund investments. As the authors explain:
“Our results point to the benefits of long-term, large, and foreign investors for shareholders.”
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