Sovereign wealth funds (SWFs) are state-owned investment funds with combined asset holdings that are fast approaching four trillion dollars. Recently emerging as a major force in global financial markets, SWFs have other distinctive features besides their state-owned status: they are mainly located in developing countries and are intimately tied to energy and commodities exports, and they carry virtually no liabilities and have little redemption risk, which allows them to take a longer-term investment outlook than most other institutional investors.
Edited by a Nobel laureate, a respected academic at the Columbia Business School, and a longtime international banker and asset manager, this volume examines the specificities of SWFs in greater detail and discusses the implications of their growing presence for the world economy. Based on essays delivered in 2011 at a major conference on SWFs held at Columbia University, this volume discusses the objectives and performance of SWFs, as well as their benchmarks and governance. What are the opportunities for SWFs as long-term investments? How do they fulfill their socially responsible mission? And what role can SWFs play in fostering sustainable development and greater global financial stability? These are some of the crucial questions addressed in this one-of-a-kind volume.

eBook - ePub
Sovereign Wealth Funds and Long-Term Investing
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eBook - ePub
Sovereign Wealth Funds and Long-Term Investing
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Information
Subtopic
Business DevelopmentIndex
BusinessTable of contents
- Cover
- Half title
- Title
- Copyright
- Contents
- Acknowledgments
- Introduction
- 1: Keynote Addresses
- 2: The State of Sovereign Wealth Funds
- 3: Benchmarking and Performance Standards
- 4: Fostering Development Through Socially Responsible Investment
- 5: Expanding Investment Horizons: Opportunities for Long-Term Investors
- 6: Reducing Climate Risk
- 7: Managing Risk During Macroeconomic Uncertainty
- 8: Managing Commodity Price Volatility
- 9: Sovereign Wealth Funds and World Governance
- Conclusion: Taking Stock—Analytical Challenges and Directions for Future Research
- Contributors
- About the Conference Organizers
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Yes, you can access Sovereign Wealth Funds and Long-Term Investing by Patrick Bolton,Frederic Samama,Joseph E. Stiglitz, Patrick Bolton, Frederic Samama, Joseph E. Stiglitz in PDF and/or ePUB format, as well as other popular books in Business & Business Development. We have over 1.5 million books available in our catalogue for you to explore.