Trinidad and Tobago SWF set to gain corporate status


Trinidad and Tobago's sovereign wealth fund (SWF) is set to become a body corporate, Ralph Henry, the chairman of the board of governors, which oversees the fund, told Central Banking's National-Asset Liability Management Symposium in Johannesburg today.

The Trinidad and Tobago Heritage and Stabilisation Fund (HSF), as the SWF is formally known, was established by a special act in 2007 to manage surplus income from the country's oil resources. Initially funded with $1.4 billion in 2007, the

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