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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Research

Browne: Heritage & Stabilisation Fund not following best practices

Posted on 04 August 2016

Trinidad and Tobago’s sovereign wealth fund (SWF), the Heritage and Stabilisation Fund (HSF), is not following best practices as outlined in the Santiago Principles and exemplified by the Norway’s SWF, Mariano Browne, a former minister of state in the Ministry of Finance said last month.
Delivering the feature address on July 21 at a special general meeting of the Trinidad and Tobago Transparency Institute (TTTI) at Fernandes Industrial Centre in Laventille, Browne, now the managing partner of Elida Management Services, looked at the comparable T&T Securities and Exchange Commission (TTSEC) Act which requires all publicly listed companies to report every 90 days. The HSF falls short of that standard, he said………………………………………..Full Article: Source


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