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

Papua New Guinea: Manage SWF well, economist says

Posted on 22 September 2016

Economist Paul Barker says a Sovereign Wealth Fund (SWF) is only valuable if and when it operates to the highest standard of performance and accountability to the people. Barker, the executive director of the Institute of National Affairs, said this was to avoid poor management and governance as had been the case of major State associated funds.
He gave as examples the Mineral Resources Stabilisation Fund in the 1990s, the Superannuation Funds and Investment Corporation, plus various trust and resource funds over the years. “The SWF needs to be managed to the highest level of transparency and sound performance, in terms of returns and risk management, notably at the higher end of the scale for the so-called Santiago Principles.”……………………………………Full Article: Source


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