The meeting between the BP Chief Executive and Abu Dhabi's Crown Prince regarding the prospect of the Abu Dhabi Investment Authority, a sovereign wealth fund, buying a stake of up to 10% in BP in the aftermath of the Deepwater Horizon oil spill indicates a new world financial order in which SWFs...

Sovereign Wealth Funds (SWFs) with combined asset under management of around $5 Trillion have emerged as major power in the financial world and have emerged as lender of last resort during the great recession of 2008. Most of the literature on these funds is focused on financial portfolio,...

В статье анализируются суверенные фонды, представляющие собой новые механизмы участия государств в процессе международного движения капиталов. Как и...

With $4.4 trillion of assets at end-2010, feared and courted by governments all over the world, characterized by low levels of transparency and often accused of hidden motivations, sovereign wealth funds (SWFs) are today among the most controversial players in global financial markets. SWFs are...

В статье рассматриваются возможности, перспективы и направления использования суверенных фондов и их ресурсов для стабилизирующего влияния на конъюнктуру...

Commodity (primarily oil) funds are facing today the most severe adverse shock of their history. The COVID-19 pandemic has accelerated the crisis in oil-rich nations, already hit by low oil prices and declining hydrocarbon revenues. Governments of all stripes are tapping sovereign wealth and...

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...

Sovereign wealth funds (SWFs) have been likened to “regulatory chameleons." Their existence flies in the face of the truism that there is no room for state participation in private markets. This paper examines the validity of Member State concerns that have arisen in relation to SWF investment...

In this paper we document the use of debt capital by Sovereign Wealth Funds (SWFs). According to our estimates, as of 2014 there are 10 levered SWFs with outstanding debt around USD 180 billion. We identify three main reasons why SWFs may decide to resort to debt capital, namely: i) increasing...