Daily Archives: February 14, 2008

John Gapper

The tensions between American politicians and sovereign wealth funds over investments in the US, which have been muted of late, could easily reignite.

Charles Schumer, the New York senator, has welcomed investments by SWFs in New York-based banks such as Citigroup. But at a hearing on Capitol Hill yesterday, he sounded a more defensive note, saying he was disappointed in the SWFs’ failure to come to Washington to explain themselves: