Managing Public Investment Funds: Best Practices and New Challenges

AbstractLarge publicly held pools of assets are playing an increasingly prominent role in the global investment arena. We compare three distinct forms of such public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight their differences and similarities. We review previous studies on ways to better secure prudent and economically sound public fund management practices in these funds, as well as how to evaluate their governance and investment policies and how to better protect the assets from political interference. Drawing from the pension and corporate finance literature, we also link their management to governance practices and country-specific characteristics, and contrast those with empirical findings on linkages with corporate governance.

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A mechanism to improve the allocation of public investment funds

Finance and Credit ◽

10.24891/fc.26.7.1522 ◽

2020 ◽

Vol 26 (7) ◽

pp. 1522-1533

Author(s):

A.V. Larionov

Keyword(s):

Panel Data ◽

Random Effects ◽

Public Investment ◽

Allocative Efficiency ◽

Investment Funds ◽

The Public ◽

Panel Data Regression ◽

Data Regression ◽

Efficiency And Effectiveness ◽

Effective System

Subject. This article deals with the issue of improving the public investment allocative efficiency. Objectives. The article aims to develop an approach to improve the efficiency and effectiveness of public investment in the economy. Methods. The study is based on a panel data regression with random effects. Conclusions and Relevance. All sectors of the economy have different demand for investment resources attracted, determined by operational and technological aspects. The results of the study can be used to develop an effective system of public investment.

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A Framework for Protecting Pregnant Women in the Era of COVID-19 Pandemic

International Journal of MCH and AIDS (IJMA) ◽

10.21106/ijma.419 ◽

2021 ◽

Vol 10 (1) ◽

pp. 109-112

Author(s):

Deepa Dongarwar ◽

Veronica Ajewole ◽

Kiydra Harris ◽

Emmanuella Oduguwa ◽

Theresa Ofili ◽

...

Keyword(s):

Open Access ◽

Severe Acute Respiratory Syndrome ◽

Best Practices ◽

Global Health ◽

Pregnant Women ◽

Original Work ◽

Creative Commons ◽

New Challenges ◽

Work First ◽

Open Access Article

The severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the causative agent for the coronavirus disease 2019 (COVID-19) pandemic, highlighted and compounded problems while posing new challenges for the pregnant population. Although individual organizations have provided disparate information, guidance, and updates on managing the pregnant population during the current COVID-19 pandemic, it is important to develop a collective model that highlights all the best practices needed to protect the pregnant population during the pandemic. To establish a standard for ensuring safety during the pandemic, we present a framework that describes best practices for the management of the pregnant population during the ongoing COVID-19pandemic. Copyright © 2021 Dongarwar, et al. Published by Global Health and Education Projects, Inc. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work, first published in this journal, is properly cited.

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Challenges of MCA in Public Investment Projects

Proceedings of 5th International Scientific Conference Contemporary Issues in Business, Management and Education ‘2017 ◽

10.3846/cbme.2017.057 ◽

2017 ◽

Cited By ~ 1

Author(s):

Andrius Tamošiūnas

Keyword(s):

Management System ◽

Euclidean Distance ◽

Public Investment ◽

Management Systems ◽

Management Process ◽

Inclusive Growth ◽

State Budget ◽

Investment Funds ◽

Investment Projects ◽

State Investment

Paper investigates peculiarities of management of public investment projects subject to State Investment Program (SIP) in Lithuania. Using comparative analysis for compatibility of European Structural and Investment Funds (ESIF) and SIP management systems as well as utilizing multi criteria analysis (MCA) techniques with attention to the Euclidean distance author reveals challenges of rationality of evaluating, selecting and implementing public investment projects according to the requirements of inclusive growth applicable to the country under ESIF management system. In this regard, there is as well noticed that current regulations for pubic investments under SIP in the country inevitably requires significant improvement in order to ensure the rational use of the state budget funds and comply with the requirements for inclusive growth as set under ESIF management system. Subsequently possible solutions proposed focusing on improving specific tasks of the management process of evaluating, selecting, implementing public investment projects.

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The Financing of Public Investment in Communist China

The Journal of Asian Studies ◽

10.2307/2050986 ◽

1961 ◽

Vol 21 (1) ◽

pp. 33-48

Author(s):

Feng-Hwa Mah

Keyword(s):

Economic Development ◽

Public Investment ◽

Development Program ◽

Crucial Importance ◽

Investment Funds ◽

Underdeveloped Countries ◽

The Past ◽

Communist China ◽

Substantial Investment ◽

Two Alternatives

For underdeveloped countries bent on accelerating their economic development, there are two alternatives: one is a mixed economy compatible with democracy, the other is planned development under totalitarianism. What has been happening in Communist China during the past few years is a striking example of the latter case, and its degree of success will undoubtedly have far-reaching influences on other economically backward countries desiring rapid economic development. Since rapid economic development is unattainable without substantial investment, the sources of investment funds are of crucial importance in the whole development program. The purpose of this paper is to explore how public investment was financed in Communist China, and to estimate which population groups bore the burden of such financing.

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5 The Regulatory Duties Arising from the Provision of Investment Advisory and Management Services

10.1093/law/9780198807247.003.0005 ◽

2018 ◽

Author(s):

Spangler Timothy

Keyword(s):

Financial Services ◽

Public Investment ◽

Private Investment ◽

The United States ◽

Fiduciary Duty ◽

Regulatory Regime ◽

Investment Funds ◽

Investment Advisers ◽

The Uk ◽

Management Services

This chapter examines the regulatory duties of investment managers arising from the provision of investment advisory and management services. Managers of private investment funds that are authorised or regulated as investment advisers or managers can owe regulatory duties arising under the Financial Services and Markets Act 2000 (FSMA) in the UK and the Investment Advisers Act of 1940 in the United States. The chapter begins with a discussion of the UK Financial Conduct Authority’s (FCA) regulation of the conduct of firms authorised under the FSMA, including collective investment schemes, public investment funds, and fiduciary duty in the financial services regulatory regime. It then considers the FCA’s regulatory response to private investment funds as well as the U.S. Securities and Exchange Commission’s compliance programme for investment advisers and managers primarily under the Advisers Act. It concludes with an analysis of financial services regulation of fiduciary duties.

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