Indonesia, the Philippines and the city of Hong Kong all recently launched new funds. Now Trump's U.S. wants one too.

Norges Bank Investment Management is the Norwegian government’s in-house investment manager. It is responsible for managing the Government Pension Fund Global (GPFG) for the government. It is the world’s largest sovereign wealth fund.

Washington may not have a sovereign wealth fund, but almost half the U.S. states do. Indeed, the earliest precursor of a national sovereign wealth fund was established in the United States: in 1803, Ohio created a land trust to finance public education in the state.

A sovereign wealth fund often serves as a vehicle to invest a government’s budget surplus. The U.S. doesn’t have that luxury.

Treasury Secretary Scott Bessent named a Wall Street and military veteran to advise on plans for a sovereign wealth fund, taking a further step toward fulfilling President Donald Trump’s idea for the US to join the ranks of nations with such assets.

New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs,

Joseph Bankman is the Ralph M. Parsons professor of law and business at Stanford Law School. Mark P. Gergen is the Robert and Joann Burch D.P. professor of tax law and policy at the University of ...

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said.

At the launch of the Danantara fund on Feb 24, Indonesian officials also sought to address some concerns on transparency and financial audit raised by observers, including some interviewed by CNA earlier.

Indonesia Launches $20 Billion Sovereign Wealth Fund Amid Budget Cuts | Vantage with Palki Sharma Indonesia has launched Danantara Indonesia, a new $20 billion sovereign wealth fund aimed at boosting the nation’s economy by investing in metal processing,

Korea Investment Corp., Seoul, returned 8.5% in 2024, driven by strong gains on equity investments, according to a news release. KIC is South Korea's sovereign wealth fund, managing public funds entrusted to it by the national government and Bank of Korea.

President Trump has issued an executive order to develop a plan for the establishment of a sovereign wealth fund, but this idea is not feasible as the federal government has no excess wealth and