The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) has raised the stakes for financial regulation by requiring more than twenty federal agencies to promulgate nearly 400 new rules. Scholars, regulated entities, Congress, courts, and the agencies themselves have all...

While recognizing that the concerns with sovereign investment in financial firms are significant, these concerns need not be answered by adding to or amending existing statutes and regulations. First, as Robert Kimmitt has noted, SWFs have not caused significant financial-market disruption, and...

With trillions of dollars in assets, sovereign wealth funds (SWFs) play a major role in financial markets around the world. With billions (and probably well over a trillion) dollars' worth of equity investments around the world, the investment behavior of SWFs is of primary concern to...

Over the last decade, public pension systems have shifted away from equities and fixed income in favor of alternative investments. We construct panel data of legislative changes affecting pensions, merging these with fund level data from the Public Plans Database. Using these in tandem with data...

The market for climate bonds is expanding quickly, but the continued vitality of the market will depend in large part of the quality of the reviews and assurances provided by climate bond verifiers, who assure that the bond proceeds will be used to fund climate-related projects. The Climate Bond...

As Sovereign wealth funds (SWFs) mature and as the literature describing and analyzing SWFs continues to develop, some of the primary concerns that initially animated SWF analysis — namely, SWFs as a sign of shifting financial power, SWFs as potential political actors, and the corresponding...

The Public Funds Investment Policies Survey is an annual publication, now in its second year, which surveys the current investment policy disclosures of the 25 largest (by AUM) SWFs in the world, as listed by the Sovereign Wealth Fund Institute, and the 26 largest (by AUM) SPFs, as listed in the...

As the number of, and assets controlled by, sovereign wealth funds (SWFs) has increased dramatically in recent years, so too has scrutiny about how SWFs are making use of these assets. A consensus appears to be developing that large institutional investors, including SWFs, should be aware of...

Assets under management by public funds, including sovereign wealth funds and sovereign pension funds, continues to grow at a strong pace. As funds grow larger and new sovereign funds come into the market, the identification of suitable investments in an increasingly crowded marketplace become...

In 2007, the U.S. Congress passed the Foreign Investment in the United States Act (FINSA), the most recent in a series of calibrations to a basic regulatory framework that is now nearly 40 years old. FINSA has particularly significant effects on investment by sovereign wealth funds (SWFs) and...