Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management
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Summary:
This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the various governing bodies and analyzes key aspects of the investment policy and setting of the risk tolerance level in order to ensure consistent risk-bearing capacity and greater accountability. Further, it discusses the important role of SWFs in macroeconomic management and the need for close coordination with other macroeconomic and financial policies as well as their role in global financial stability.
Series:
Working Paper No. 2013/231
Subject:
Asset allocation Asset and liability management Asset management Financial institutions Financial regulation and supervision Legal support in revenue administration Mutual funds Operational risk Revenue administration
English
Publication Date:
November 11, 2013
ISBN/ISSN:
9781475518610/1018-5941
Stock No:
WPIEA2013231
Pages:
34
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