Sovereign Wealth Management

A breakout session with Professors Rawi E. Abdelal and Richard H.K. VietorTuesday, October 14, 2008

Professor Vietor provides a short history of sovereign wealth funds. Panelists involved in managing major sovereign wealth funds offer their thoughts on the motivations and practices of these funds.

Manish Kejriwal, MBA 1995Senior Managing Director, Temasek Holdings ( Private ) Ltd.

Knut Kjaer AMP 165 (2003)Former CEO, Norges Bank Investment Management

Bill Miracky

Executive Summary

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Overview

Significant recent investments by sovereign wealth funds in troubled U.S. financial services firms have put sovereign wealth funds under the spotlight. Because these funds often lack transparency, many observers have wondered about the practices and intentions of these funds, expressing concern that sovereign wealth funds are using their investments for political purposes.

The consensus of this panel, supported by a detailed analysis of the investments made by sovereign wealth funds, is that sovereign wealth funds are run by professional investors. They don't have a political motivation; their interest is in maximizing their fund's long-term risk-adjusted returns.

Context

Professor Vietor provided a short history of sovereign wealth funds and Mr. Miracky shared data from research on them. The other two panelists, both of whom are involved in managing major sovereign wealth funds, offered their thoughts on the motivations and practices of these funds

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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....