PENSIONS FUND PUBLIC PRIVATE PARTNERSHIPS

Saturday, November 1, 2014

How Many Sovereign Wealth Funds Are There and How Big Are They?

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.

--------------30--------------


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....

No comments:

Post a Comment