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...

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...

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...

Under an Arrowian framework, centralized authority and management provides for optimal decision making in large organizations. However, Kenneth Arrow also recognized that other elements within the organization, beyond the central authority, occasionally may have superior information or...

Discussions of corporate governance often focus solely on the attractiveness of firms to investors, but it is also true that firms seek out preferred investors. What, then, are the characteristics of an attractive investor? With nearly $6 trillion in assets, sovereign wealth funds (SWFs) are...

As improved but often more environmentally-obtrusive technologies such as hydraulic fracturing facilitate the extraction of billions of dollars in natural resource wealth, more states are now faced with a welcome but exceedingly complex set of problems: Who should benefit from natural resources...

Who is a “foreign official” under the Foreign Corrupt Practices Act? This question will take on increasing importance in the coming years for two reasons. First, the Department of Justice and the Securities and Exchange Commission are aggressively pursuing FCPA cases and, as a consequence,...

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 a result of growing American insecurity related to Chinese investment, the U.S. Congress is again revising its foreign investment law, less than a dozen years after the last major overhaul. This brief article, prepared for the 2018 Annual General Conference of the European China Law Studies...