In an economy with a sovereign wealth fund (SWF), the government may draw on the fund to
supplement other government revenues. If the fund is invested in risky assets, this …

Purpose–Study the investment and risk management approach of sovereign wealth funds
when national wealth including natural resources is accounted for rather than only financial …

We simulate the future performance of the Norwegian Government Pension Fund Global as
a leading example of sovereign wealth funds intended both to preserve wealth and provide …

Sovereign wealth funds (SWFs) are attracting increasing attention. SWFs are not new, and
some of the longer-established funds—for example, those of Kuwait, Abu Dhabi, and …

The current vast account surpluses of commodity-rich nations, combined with record account
deficits in developed markets (the United States, Britain) have created a new type of …

We develop an analytical approach that offers insights into how governments can better
manage an oil-revenue stabilization fund. The model maximizes the expected intertemporal …

Sovereign wealth funds (SWFs) often have dual natures, serving both nonfinancial and
financial objectives. On the one hand, they are created to achieve domestic and political …

In this paper, we discuss the sovereign wealth fund (SWF) phenomenon from a government
ownership point of view. We emphasize on the contrast between the soft budget constraint …

Objectives In practice, SWFs have been established for a variety of reasons and in a variety
of circumstances. Many were initially created for fiscal stabilization, that is, to help smooth …

Purpose–The purpose of this paper is to address a research gap by providing a
comprehensive survey of sovereign wealth funds (SWFs) as international institutional …