scholarly journals Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management

2014 ◽  
Vol 1 (3) ◽  
pp. 60 ◽  
Author(s):  
Abdullah Al-Hassan ◽  
Michael Papaioannou ◽  
Martin Skancke ◽  
Cheng Chih Sung
Keyword(s):  
Governance Structures ◽  
Investment Management ◽  
Sovereign Wealth Funds

scholarly journals Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management

2013 ◽  
Vol 13 (231) ◽  
pp. 1 ◽  
Author(s):  
Abdullah Al-Hassan ◽  
Michael G Papaioannou ◽  
Martin Skancke ◽  
Cheng Chih Sung ◽  
◽  
...  
Keyword(s):  
Governance Structures ◽  
Investment Management ◽  
Sovereign Wealth Funds

scholarly journals Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management

2013 ◽  
Author(s):  
Abdullah Al-Hassan ◽  
Michael G. Papaioannou ◽  
Martin Skancke ◽  
Cheng Sung
Keyword(s):  
Governance Structures ◽  
Investment Management ◽  
Sovereign Wealth Funds

The Virtues of Long-Term Commitment: Australia’s Future Fund

2013 ◽  
Author(s):  
Gordon L. Clark ◽  
Adam D. Dixon ◽  
Ashby H. B. Monk
Keyword(s):  
Best Practice ◽  
Investment Management ◽  
Australian Government ◽  
Sovereign Wealth Funds ◽  
First Case ◽  
Political Interests ◽  
Political Advantage

This chapter presents the first case study, looking past the geopolitical concerns that have plagued sovereign wealth funds (SWFs) and focusing on the competing domestic political interests embedded in sponsoring countries. In other words, the chapter examines the domestic, political claims on SWFs and the principles and practice of governance used to discipline those interests. It shows that there is an ever-present temptation that faces SWF sponsors: the option of spending the assets for current political advantage. Through the case study of Australia's Future Fund (FF), it examines how governance can, in effect, tame political temptation. Indeed, the Australian government specifically addressed the question of political temptation in its design of its SWF. The chapter focuses on the principles used to design the FF and references recent research on the principles of best-practice investment management.

Advisers and Consultants

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Pension Fund ◽  
Investment Strategy ◽  
Investment Strategies ◽  
Investment Management ◽  
Sovereign Wealth Funds ◽  
Roles And Responsibilities ◽  
Different Types

Chapter 8 looks at roles and responsibilities in relation to asset owners and holders and the process of investment management. A framework presents the consultant’s value in the framing of investment strategies and their implementation, emphasizing issues of process as well as substance. The focus is on the role of consultants who advise clients on investment strategy and implementation. An analytical account is provided of the various roles of investment consultants—how and why their roles vary in relation to the size of assets under management (AUM) and the ways in which they can foster or obstruct innovation. The chapter begins with a discussion of the theory of intermediation. This followed by a schematic framework of what investment consultants do in three different types of pension fund—small, medium, and large, a framework that can be applied to endowments, foundations, family offices, and sovereign wealth funds.

Sovereign Wealth Funds

2013 ◽  
Author(s):  
Gordon L. Clark ◽  
Adam D. Dixon ◽  
Ashby H.B. Monk
Keyword(s):  
International Relations ◽  
Financial Markets ◽  
First Century ◽  
Investment Management ◽  
Sovereign Wealth Funds ◽  
Form And Function ◽  
Small Countries ◽  
The Face ◽  
Gulf States ◽  
And Function

The worldwide rise of sovereign wealth funds is emblematic of the ongoing transformation of nation-state economic prospects. This book maps the global footprints of these financial institutions, examining their governance and investment management, and issues of domestic and international legitimacy. Through a variety of case studies—from the China Investment Corporation to the funds of several Gulf states—the book shows that the forces propelling the adoption and development of sovereign wealth funds vary by country. The book also shows that many of these investment institutions have identifiable commonalities of form and function that match the core institutions of Western financial markets. The book suggests that the international legitimacy of sovereign wealth funds is based on the degree to which their design and governance match Western expectations about investment management. Undercutting commonplace assumptions about the emerging world of the twenty-first century, the book demonstrates that even small countries with large and globally oriented sovereign wealth funds are likely to play a significant role in international relations. This book considers how such financial organizations have altered not only the face of finance, but also the international geopolitical landscape.

Sovereign Wealth Funds

2010 ◽  
Vol 39 (3) ◽  
pp. 156-159
Author(s):  
Roland Königsgruber
Keyword(s):  
Sovereign Wealth Funds
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