Sovereign wealth fund (SWF)
US's Moran on sovereign wealth
Malan Rietveld talks to Jim Moran, a Democratic member of the Unites States House of Representatives and co-chair of the Congressional Task Force on Sovereign Wealth Funds.
Angola to launch sovereign fund this year
Angola plans to launch a sovereign wealth fund before the end of 2009, Severim de Morais, the country's finance minister, has said.
Norway's Gjedrem: SWF woes will ease with time
The Government Pension Fund is a long-term savings plan and capable of riding out large swings in the markets, said Svein Gjedrem, the governor of the Norges Bank.
Beyond Santiago: status and prospects
Sven Behrendt argues that sovereign wealth funds’ admirable support of sound governance principles needs to be taken a step further
Malaysian state sets up $5 billion SWF
Malaysia's oil-rich Terengganu state will establish a M$11 billion ($3 billion) ringgit sovereign wealth fund with a M$5 billion bond issuance later this week.
SWFs look beyond Santiago
Although agreement on the Santiago Principles for sovereign wealth funds represents a remarkable achievement, the proof of their effectiveness will come in the implementation phase that has now started.
When will the sovereigns return - and how?
Participants in a conference on the management of sovereign assets and reserves, hosted by Central Banking Publications, were split over when public investors will regain their appetite for risk following significant losses during the current financial…
Taking Santiago forward: a 12-point plan
Sven Behrendt, an associate scholar at the Carnegie Endowment for International Peace, presents a blueprint for a 12-point action plan on how the International Working Group of Sovereign Wealth Funds could move forward with the industry code of conduct…
Russia bans SWFs from holding US agency debt
Moscow has banned its sovereign wealth funds from holding US agency debt, declaring the paper too illiquid.
SWF nations poor on governance: SF Fed's Glick
A considerable gulf exists between the governance standards of the economies in which sovereign wealth funds have been established and the standards of the industrial economies in which they are seeking to invest, a paper co-authored by Reuven Glick, the…
Assets are better kept with SWFs
Countries with a large foreign asset base tend to establish sovereign wealth funds as central banks' portfolio diversification tends is limited, says a new paper from the San Francisco Federal Reserve.
Norwegian SWF looks to block Buffett takeover
Norway's sovereign wealth fund has filed a lawsuit to block a proposed takeover of a company it part-owns by Berkshire Hathaway, the holding company headed by Warren Buffett, an investor.
Norway to tap oil wealth
The Norwegian is expected to spend more of its oil revenues to avoid a severe recession, and might draw on the assets of its $332 billion (£222 billion) sovereign wealth fund to finance a new fiscal spending package.
SWF growth to slow
Stephen Jen, an economist at Morgan Stanley, has adjusted downward his estimate of the growth of sovereign wealth funds in the coming years.
Crisis triggered US review of SWF stance
American attitudes to sovereign investments have softened in the wake of the credit crunch and funds should not fear a regulatory backlash once normal conditions are restored, the chairman of the US Congressional Task Force on Sovereign Wealth Funds has…
Santiago SWF principles a reminder of bygone age
Charles Proctor, a partner at Bird & Bird, a law firm, assesses the International Working Group of Sovereign Wealth Funds' newly-published Santiago Principles.
Flight from Fannie, Freddie may cloud US outlook
Official institutions' flight from US agency debt could hamper the effectiveness of Fannie Mae's and Freddie Mac's role in repairing the US mortgage market.
SWFs good for global stability
Sovereign wealth funds (SWFs) can play a role in stabilising international markets, a new study from the Bank of Canada finds.
Banking consolidation continues apace
After months of speculation of its weakest elements, the global banking sector has undergone what many are calling a long overdue consolidation within the space of a few days. Here's a summary of what has happened, its happening - and may happen next.
Triple shock leaves Wall Street in disarray
News of the Lehman Brothers' demise, the sale of Merrill Lynch and major concerns over the health of a range of other financial institutions has put the risk of rapid contagion and a systemic meltdown of the financial sector back at the top of central…
China using reserves for political gain - report
China's State Administration of Foreign Exchange appears to have used its reserve stockpile, the largest in the world, to influence diplomatic relations between Costa Rica and Taiwan.
Congress to hold hearing to "stay on top" of SWFs
A US Congressman has called a hearing to examine the impact of sovereign wealth funds' purchases of stakes in some of Wall Street's finest.
SWF code a "valuable solution": IMF's Lipksy
John Lipsky, the first deputy managing director of the International Monetary Fund, has said that a voluntary code of conduct for sovereign wealth funds, provisionally agreed Tuesday, would help capital flow efficiently and promote global financial…