Friday, November 09, 2007

IMF to heed new global players


The International Monetary Fund must turn its attention to the challenges created by the emergence of sovereign wealth funds, hedge funds and private equity funds as powerful players in the global financial system, Dominique Strauss-Kahn, its new managing director, said on Friday.

On his second day as IMF chief, Mr Strauss-Kahn said the rise of these new players was a very important development.

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