Sovereign wealth funds should not be subjected to any greater stipulations on disclosure than other market participants, despite a predicted growth in their assets to about $20 trillion (â¬12.63 trillion) by 2020, according to asset manager State Street.
John Nugee, co-author of State Street's report on SWFs released Tuesday, said: "Sovereign wealth funds are market participants and have the common obligations to obey the rules of market and not to abuse them. Their only other debts are to their own people and they decide how to report to their people."
