Two key reasons make this question subtly difficult to answer: (1) the number
depends on the definition one uses for SWFs, and (2) many funds are secretive about
their holdings, making it difficult to be certain of their sizes.
According to Edward Truman, creator of the ―Truman Scoreboard‖ for evaluating and
comparing SWFs, there are at least 32, which range in size from under US$1 billion to
possibly US$900 billion. 9 Another revealing list is that of the members of the
International Forum of Sovereign Wealth Funds, a forum in which the SWFs of various
countries ―will meet, exchange views on issues of common interest, and facilitate an
understanding of the Santiago Principles and SWF activities.‖10 Among the 23 member
nations of the forum, there are 25 member SWFs. Interestingly, the ―Members
Information‖ page on the website has varying levels of detail about each fund, ranging
from explicit declarations of funds‘ sizes and goals (Norway, among others) to no entry
at all (Equatorial Guinea, Iran). Perhaps the most thorough list thus far is that of the
Sovereign Wealth Fund Institute, with 56 known or presumed funds12 (see Exhibit 1.1).
The size of a fund depends primarily on its purpose and the size and wealth of the
state funding it. For example, among the largest funds are those of the United Arab
Emirates and Norway, most of which manage excess revenues earned from petroleum.
Not all oil funds are that large, though. Sudan, São Tomé-Príncipe, and Azerbaijan all
have oil-revenue-based funds that manage less than US$2 billion each.
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This BLOG looks at pensions and their impact on what are called Public Private Partnerships or P3’s these are not really about private funding at all but about two streams of public funding, pensions and government with private capital a third partner.
We will also deal with other pension matters, such as Defined Contribution Plans (DC) vs Defined Benefit (DB) PLANS, the weakness in private plans, the need for pension reform in public pensions to have shareholder rights, directorships and ethical investment directives and policies.
Finally taking the long view we will show how these funds are forms of evolving social capital that is dominating private capital as we evolve into socialization of capital.
Click HERE to read more....
We will also deal with other pension matters, such as Defined Contribution Plans (DC) vs Defined Benefit (DB) PLANS, the weakness in private plans, the need for pension reform in public pensions to have shareholder rights, directorships and ethical investment directives and policies.
Finally taking the long view we will show how these funds are forms of evolving social capital that is dominating private capital as we evolve into socialization of capital.
Click HERE to read more....
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