What is it that makes a successful sovereign wealth fund? I outline three primary factors. First, a sovereign wealth fund needs a predictable and dedicated capital source. Second, few sovereign wealth funds have laid out clear and defined rules for withdrawal of fund capital. Third, a sovereign...

Recent research (Rose 2003) has called into question the impact of the World Trade Organization on trade. According to Rose, the WTO has no statistically significant impact on trade. The Rose research however, has been called into question on both modeling grounds for regressing against average...

Most sovereign wealth funds depend heavily on oil revenues to increase the capital base. Research on the investment performance of sovereign wealth funds however has focused on the returns to their financial asset portfolio. Given their reliance on the monetization of natural resource to...

Sovereign wealth funds are poorly understood by policy makers and scholars. Research has provided valuable insights into their behavior and impact on financial markets. To further our understanding of sovereign wealth funds, it is important that we gain a better understanding of the economics...