Rexford Industrial's Michael Frankel

Sovereign-Wealth Funds Are a:

A lot of people think sovereign-wealth funds are here to stay. More than half (58%) chose that as a response to this week’s Quick Poll question. One-quarter of the poll respondents picked “Passing Fancy,” and a scant 17% said they were a “National-Security Threat.” Michael Frankel, CFO and partner with Los Angeles-based Rexford Industrial, thinks highly of Sovereign-Wealth Funds.

They’re here to stay, and to grow further. The first phase of this type of investment is with large sovereign entities like China and the Middle East seeking safe-havens and diversifications in the form of US treasuries or trophy assets in the form of real estate or corporate investments.