With criticism and concern mounting about foreign governments’ large investments in U.S. companies and mutual funds, the Treasury Department has begun meeting with representatives of foreign wealth funds to create a set of voluntary transparency guidelines for these funds.  As Bob Davis of the Wall Street Journal reports, Treasury would like to set up a "best practices" code that would build confidence on issues including "how sovereign wealth funds are structured, how they invest, and how they disclose information."  Read Davis here. 

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