Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management

Al-Hassan, Abdullah; Papaioannou, Michael G.; Skancke, Martin; Sung, Cheng Chih

doi:10.2139/ssrn.2365868

Cited by 13 publications

(5 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While the presence of professional supervisory board members and the possibility of forming advisory boards to assist with investment advice might seem reassuring, further investment guidelines await the enactment of BODRs to ensure the legitimacy of investments to be made by the agency. A recommendation could be made towards the formation of advisory boards, where the appointment of several members would be more beneficial in diversifying against an underperforming member (Al-Hassan, Papaioannou, Skancke & Sung, 2013). In regards to the asset allocation in the agency's investment strategy, as the agency is planned to be a fund with a longer horizon, it is feasible for it to invest in broader asset classes, while bearing in mind that the agency will bear the investment risk.…”

Section: Suggestions For Overall Frameworkmentioning

confidence: 99%

Indonesia’s New Sovereign Wealth Fund: When Strategic Development Converges with Stabilization

Halim

2021

TLJ

View full text Add to dashboard Cite

Indonesia’s latest attempt to reintroduce an investment management agency emerged as the government undertook a significant overhaul of its investment strategy in providing a vehicle to accommodate foreign investment. While the agency had been categorically set as a hybrid model of a stabilization fund as well as a strategic development fund, the interplay between these two objectives remains to be seen by virtue of implementing the agency’s mandate stated in the Job Creation law and its implementing regulations. As the fund has been slated to receive large sums to cater to the ambitious government-led initiative, there is a heightened urgency to dissect the investment management policies that the agency will adopt to achieve its goals and sustain its presence. Upon reference to similar entities in other jurisdictions and the commonly adopted governance principles for sovereign wealth funds, this paper has found that the Indonesian government’s reforms should adhere to those that have been internationally embraced, while adjusting them to the relevant circumstances that the Indonesian agency is geared to achieve.

show abstract

Section: Suggestions For Overall Frameworkmentioning

confidence: 99%

Indonesia’s New Sovereign Wealth Fund: When Strategic Development Converges with Stabilization

Halim

2021

TLJ

View full text Add to dashboard Cite

show abstract

“…Third, reserve investment corporations, which are established to increase the return on reserves. They aim to reduce the negative carry costs of holding reserves or to earn higher return on ample reserves, while keeping the assets in the funds as-is (e.g., China, South Korea, and Singapore) (Al-Hassan et al, 2013).…”

Section: Types Of Sovereign Fundsmentioning

confidence: 99%

Harnessing Sovereign Wealth Funds in Emerging Economies toward Sustainable Development

Elsholkamy

Rahman

2022

View full text Add to dashboard Cite

Sovereign Wealth Funds are government investment vehicles that have been present for decades. They are usually characterized by minimum information disclosure, however, this situation differed after worldwide events shed light on the role they possess to mitigate their downturns. The substantial economic influence they bring along due to their size and long term impact have recently created an uproar of debate that eventually led to the ratification of the Santiago Principles. The Principles set the stage for governing SWFs' operations and grant them more clarity. They also contribute to a more stable environment for cross-border investment flows. With the importance of SWFs, emerging economies also rose as key institutional investors; only this time they called for harnessing their funds towards sustainable development investment strategies. Despite pressuring need to improve transparency and governance structures of SWFs in EMs, the former are regarded as promising means for achieving the sustainable development goals.

show abstract

“…The Dutch disease can be prevented or counteracted by developing clear budgetary plans, detailing in advance how and when revenues are to be invested in the short-, medium-and long-term (Soros 2007;Ovesen et al 2018). Furthermore, the establishment of offshore wealth funds in foreign currencies outside the country has been identified as a measure to ensure economic security even after the revenues from deep-sea mining decline (Al-Hassan et al 2013). If and how the Dutch disease may affect countries involved in deep-sea mining, has not yet been researched.…”

Section: National Jurisdictionmentioning

confidence: 99%

Transitioning to Sustainable Life below Water

2022

View full text Add to dashboard Cite

From 2004 to 2017 he was a member and chair of the Committee of Directors. He is a fisheries biologist trained at Bochum, Hamburg and Kiel University and has worked in Antarctica, Argentina, and the Azores. Since 1991 his work has revolved around fish biology and ecology in tropical ecosystems and throughout the 1990s he was a coordinator for the bilateral co-operation in Marine Research between Brazil and Germany. His research interests lie in the wider field of "Adaptations of different life stages of fish to their environment and the consequences of climate change". This includes activities in growth and population dynamics; migration pattern of fish in coastal environments; ichthyoplankton; fisheries biology; ecology; and ecosystem responses to climate change. An important topic is his work is the ecosystem approach to fisheries management, by which he engaged for many years in the Large Marine Ecosystem community as well as the stimulation and enforcement of international cooperation and networking in marine science and governance. He is a member of the Group of Experts on Capacity Development of the Intergovernmental Oceanographic Commission of UNESCO.

show abstract

Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management

Cited by 13 publications

References 1 publication

Indonesia’s New Sovereign Wealth Fund: When Strategic Development Converges with Stabilization

Indonesia’s New Sovereign Wealth Fund: When Strategic Development Converges with Stabilization

Harnessing Sovereign Wealth Funds in Emerging Economies toward Sustainable Development

Transitioning to Sustainable Life below Water

Contact Info

Product

Resources

About