The New Frontiers of Sovereign Investment.

Intro -- Table of Contents -- Acknowledgments -- Foreword, by Arunma Oteh, Vice President and Treasurer, The World Bank -- Part I. The Evolution of Sovereign Wealth Funds: Mandates and Governance -- 1. Introduction, by Malan Rietveld and Perrine Toledano, Columbia Center on Sustainable Investment -- 2. "Best-Practice" Sovereign Wealth Funds for Sound Fiscal Management, by Corinne Deléchat, Mauricio Villafuerte, and Shu-Chun S. Yang, International Monetary Fund -- 3. Sovereign Wealth Funds as Long-Term Investors: Taking Advantage of Unique Endowments, by Adrian Orr, Guardians of the New Zealand Superannuation Fund -- 4. The Governance Implications of the Increasing Levels of Direct Investment of Sovereign Wealth Funds, by Robert Ohrenstein and James White, KPMG -- 5. Playthings and Parallel Budgets: The Economic and Governance Performance of Sovereign Wealth Funds, by Andrew Bauer, Natural Resources Governance Institute -- Part II. The Rise of Sovereign Development Funds: Debates and Policy Implementation -- 6. A Simple Typology of Sovereign Development Funds, by Adam D. Dixon and Ashby H. B. Monk, University of Bristol and Stanford University -- 7. Domestic Investment Practices of Sovereign Wealth Funds: Empirical Evidence to Inform Policy Debates, by Ekaterina Gratcheva and Nikoloz Anasashvili, The World Bank Treasury -- 8. Sovereign Wealth Fund Investments in the Home Economy, by Alan Gelb, Silvana Tordo, and Håvard Halland, The World Bank -- 9. Sovereign Wealth Funds in the Context of Macro-Fiscal Frameworks for Resource-Rich Developing Countries, by Corinne Deléchat, Mauricio Villafuerte, and Shu-Chun S. Yang, International Monetary Fund -- 10. The Role of the Nigeria Sovereign Investment Authority in a New Era of Fiscal Responsibility, by Uche Orji and Stella Ojekwe-Onyejeli, Nigeria Sovereign Investment Authority.

Part III. Toward the New Frontiers of Sovereign Investment -- 11. Responsible Investment at AIMCo, by Alison Schneider, Alberta Investment Management Corporation -- 12. Sovereign Wealth Funds and Long-Term Investments in Infrastructure: Why the Glaring Absence?, by Sanjay Peters, Columbia University -- 13. North America's Sovereign Wealth Funds: Origins, Models, and Lessons, by Malan Rietveld, Columbia Center on Sustainable Investment -- 14. Sovereign Venture Funds: An Emerging Frontier in Sovereign Wealth Fund Management, by Javier Santiso, IE Business School -- 15. Conclusion, by Malan Rietveld and Perrine Toledano, Columbia Center on Sustainable Investment -- Contributors -- Index.

The New Frontiers of Sovereign Investment combines the insights and experience of academic economists and practitioners from several funds to survey a diverse financial landscape and the challenging questions facing a broad range of SWFs today. This book provides a sorely needed practical look at how these funds work-and how they should work.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.