Analyst Arnab Das of Dresdner Kleinwort writes in the Financial Times that sovereign wealth funds are the solution to the global financial crisis, and should not be subjected to so much scrutiny.

SWFs are here to stay. Elections may foment opposition but host country and SWF governments will engage constructively, given shared interests in global financial stability and growth.

SWFs will continue to converge with private-sector counterparts; develop partnerships to align incentives with host-country investors to manage securities portfolios or strategic stakes, and mitigate political tensions; and bring in outside talent with track records to help grow domestic skills.

Investment banks, money managers and private equity investors will keep doing deals with SWFs that have financial resources to complement their own skills.

Above all, SWFs will continue to convert US public debt into global equity, helping to restore stability and finance investment and growth.