Sovereign Wealth Funds and Long-Term Investing
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Sovereign Wealth Funds and Long-Term Investing

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eBook - ePub

Sovereign Wealth Funds and Long-Term Investing

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About This Book

Sovereign wealth funds (SWFs) are state-owned investment funds with combined asset holdings that are fast approaching four trillion dollars. Recently emerging as a major force in global financial markets, SWFs have other distinctive features besides their state-owned status: they are mainly located in developing countries and are intimately tied to energy and commodities exports, and they carry virtually no liabilities and have little redemption risk, which allows them to take a longer-term investment outlook than most other institutional investors.

Edited by a Nobel laureate, a respected academic at the Columbia Business School, and a longtime international banker and asset manager, this volume examines the specificities of SWFs in greater detail and discusses the implications of their growing presence for the world economy. Based on essays delivered in 2011 at a major conference on SWFs held at Columbia University, this volume discusses the objectives and performance of SWFs, as well as their benchmarks and governance. What are the opportunities for SWFs as long-term investments? How do they fulfill their socially responsible mission? And what role can SWFs play in fostering sustainable development and greater global financial stability? These are some of the crucial questions addressed in this one-of-a-kind volume.

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Yes, you can access Sovereign Wealth Funds and Long-Term Investing by Patrick Bolton, Frederic Samama, Joseph E. Stiglitz in PDF and/or ePUB format, as well as other popular books in Business & International Business. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Columbia University Press
Year
2011
ISBN
9780231530286
Topic
Business
Subtopic
International Business
Index
Business

Table of contents

  1. Cover 
  2. Half title
  3. Title
  4. Copyright
  5. Contents 
  6. Acknowledgments
  7. Introduction
  8. 1: Keynote Addresses
  9. 2: The State of Sovereign Wealth Funds
  10. 3: Benchmarking and Performance Standards
  11. 4: Fostering Development Through Socially Responsible Investment
  12. 5: Expanding Investment Horizons: Opportunities for Long-Term Investors
  13. 6: Reducing Climate Risk
  14. 7: Managing Risk During Macroeconomic Uncertainty
  15. 8: Managing Commodity Price Volatility
  16. 9: Sovereign Wealth Funds and World Governance
  17. Conclusion: Taking Stock—Analytical Challenges and Directions for Future Research
  18. Contributors
  19. About the Conference Organizers