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Rank State Fund Assets Origin Value (in billions) As of Ref. 1 Alaska: Alaska Permanent Fund: 74.455 December 2022 [3] Petroleum: 2 Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 ...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
The term "sovereign wealth fund" was first used in 2005 by Andrew Rozanov in an article entitled, "Who holds the wealth of nations?" in the Central Banking Journal. [1] The previous edition of the journal described the shift from traditional reserve management to sovereign wealth management; subsequently the term gained widespread use as the spending power of global officialdom has rocketed ...
On Feb. 3, President Trump signed an executive order to “establish a sovereign wealth fund to promote fiscal sustainability, lessen the burden of taxes on American families and small businesses ...
(Bloomberg Opinion) -- Hot off the presses, an analysis by Norway’s sovereign wealth fund of its experience hiring external portfolio managers over the past two decades or so is a useful guide ...
Financing a U.S. sovereign wealth fund. A fact sheet about the proposed sovereign wealth fund issued by the White House notes that the federal government controls $5.7 trillion in assets. This ...
The firm's Private Equity Investor, Matt Witheiler, was also named to the 2018 Midas Brink List. [18] Wellington ranked #9 in Institutional Investor's 2017 annual ranking of AUM of top money managers headquartered in the US. [19] In 2016 it ranked #1 asset manager by brand awareness scores by eVestment survey. [20]
Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.