The ongoing credit crisis has thrown the spotlight onsovereign wealth funds (SWFs). “The size and activities of SWFs in recent years have led to heightened attention on, and suspicion about them,” commented Locknie Hsu, Singapore Management University professor who specialises in international trade and dispute settlement law. Hsu recently authored a commentary on the new set of voluntary principles, known as the ‘Santiago Principles’ or GAPP (Generally Accepted Principles and Practices), adopted and released in October 2008 to govern such funds.
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Sovereign Wealth Funds: Mind the GAPP (Generally Accepted Principles and Practices)!. (2008). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/235