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Sovereign Wealth Funds Briefing - Categorized | Trends

America is already home to a number of sovereign wealth funds

Posted on 07 January 2014

America is already home to a number of sovereign wealth funds as well. The purest sovereign wealth fund is the one Alaska runs called the Alaska Permanent Fund. It is like a big endowment for the state, and the returns from it are sent out each year to every Alaskan citizen in the form of a social dividend (which is itself a kind of basic income).
But it is not just Alaska. Every single public employee pension fund in the country is a kind of sovereign wealth fund. The state manages a big fund of money and pays out benefits from it to public employees. In some places, states have failed to put enough money into the funds to match the benefits they have promised, but the funds themselves are generally well-managed and function just fine……………………………………….Full Article: Source


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