Trésor-Economics No. 28 - The conditions for a positive contribution of sovereign wealth funds to the world economy
The so-called Sovereign Wealth Funds (SWFs), set up by governments enjoying fast growing external revenues in order to manage sovereign wealth separately from official foreign reserves, are already surpassing the hedge fund industry in terms of assets under management. Their aggregate asset portfolio is still much lower than total assets under private management (2 to 3 trillion $ versus 53 trilli... Lire la suite