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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Ethics@Work: Does Israel need a sovereign wealth fund?

Posted on 11 March 2011

From Jpost.com: Many other countries have such special mineral funds; Kuwait has had its own “sovereign wealth fund” since before it was even sovereign, and more recently Norway established its special Petroleum Fund. Both funds manage hundreds of billions of dollars, despite citizenries of only a few million.
Eugene Kandel, the head of Israel’s National Economic Council, endorsed starting such a fund in Israel, and later Prime Minister Binyamin Netanyahu expressed his intent to establish one. Such a fund can serve several purposes, but it can also be subject to several objections……………………………………….Full Article: Source


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