| Azerbaijan’s state oil fund SOFAZ has managed to enter the top five of the most transparent sovereign wealth funds of the world. The Fund ranked the fourth among 60 sovereign wealth funds with overall score of 92 out of 100 in the fourth edition of Sovereign Wealth Fund Transparency and Accountability scoreboard published in October 2016.
The rating, prepared by Peterson Institute for International Economics put Norway Government Pension Fund to the top of the list followed by New Zealand Superannuation Fund (2nd place), Permanent Wyoming Mineral Trust Fund, United States (3rd place), SOFAZ (4th place) and Alberta Heritage Savings Trust Fund, Canada (5th place).............................................Full Article: Source |