Sovereign funds forum switches HQ | Economy | Saudi Gazette:
"The International Forum of Sovereign Wealth Funds (IFSWF) announced on Wednesday that it is switching its headquarters from Washington to London. "The decision further reinforces IFSWF's position as a significant global institution," said the group, which represents the world's top sovereign wealth funds (SWFs). Finance minister George Osborne welcomed the "great news", saying it was a "vote of confidence" for the British economy. "I am determined to secure the UK's position as a world class business and financial cente," he added. The minister said the decision showed that London "is a leading global financial and professional services centre, and an ideal environment for international organizations." The IFSWF chose the British capital because of its "ease of access, ease of doing business, the quality of the legal and regulatory environment and wealth of skilled labour," according to a statement from Osborne's office. – AFP"
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