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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches, People

Why governors oppose sovereign wealth fund — Ahmed

Posted on 06 July 2012

The sovereign wealth fund, in a very simple term, is designed by the federal government to save for the rainy days; that whatever comes in as excess, rather than being left alone in just any bank, it could be put in an investment that would grow it and keep it as a reserve for the rainy days.
But the question is, at the point of designing it, what should be saved for the rainy days. I think there wasn’t a proper platform that everybody participated and agreed to how it should be done - that is where the major problem came from………………………………………..Full Article: Source


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