Peter Piot, executive director of UNAIDS, says businesses are waking up to the need to get involved in tackling HIV/AIDS – a disease that threatens the most productive part of the workforce. But the response is still not enough and the world must avoid complacency,
Morgan Stanley’s vice chairman for institutional securities talks about the impact of market turmoil on global dealmaking.
The morning session on sovereign funds pretty much boiled down to them saying, “Why regulate us when we’ve never yet done any of the things you are worried about?”
Mohamed Al-Jasser, vice governor of the Saudi Arabian Monetary Agency, said that it was as if they were being presumed “guilty until proven innocent.” Bader Al Sa’ad, of the Kuwait Investment Authority said they’d been in business 55 years without any politically enforced decisions:
“All this fear about sovereign wealth funds has no real basis.”
Stephen Schwarzman, Chairman and CEO of Blackstone, was, as might be expected from someone with a substantial shareholder in the form of the Chinese, nearly lyrical in his praise.
Day two at the World Economic Forum at Davos and Sovereign Wealth Funds top the agenda, with a major panel discussion this morning.
There was a definite sense yesterday that a number of business leaders and policy makers were trying to head off anti-SWF sentiment.
You can kind of understand why, should nationalistic or protectionist sentiment rise and block SWF investment, especially in the ailing financial sector, a key source of very much needed funding, perhaps the biggest source, would be lost.
The head of the Qatar Financial Centre regulatory authority talks to us at Davos about the newly created organization.