The chief executive of Bahrain’s $9 billion sovereign wealth fund, Mumtalakat, told Reuters he has resigned to set up a new investment firm in the Gulf Arab island kingdom.
“I’m leaving Mumtalakat after four years of helping set up an institution of the best international standards and corporate governance,” Talal Al Zain, 52, said in a phone interview from Manama on Monday. “I’m staying in Bahrain and will always be part of the system here.”……………………………………….Full Article: Source

Barring any unforeseen hitches, the Sovereign Wealth Fund (SWF) will commence operation in May this year as the Federal Government is concluding arrangements for its effectual take-off.
Already, the Federal Government is recruiting the chief executive officer, chief investment officer and the chief risk officer through KPMG - one of the world’s leading management consultancy firms - it appointed to hunt for the key officers that will manage the fund under the Nigeria Sovereign Investment Authority (NSIA)………………………………………..Full Article: Source

The global landscape for Sovereign Financial Institutions (SFI) connected with their structure, safeguarding their sovereign tax exemptions and their compliance requirements have remained key issues for the state-owned funds.
In that light, Deloitte hosted an SFI Tax Forum in Abu Dhabi on February 27, 2012, bringing together an international team of experts, along with investment authorities from the Middle East to discuss the latest developments in these fields………………………………………..Full Article: Source

Ewart Williams, Director of Investments at the Heritage and Stabilization Fund, Trinidad and ­Tobago, runs the Caribbean nation’s Sovereign Wealth Fund (SWF) in addition to being governor of its central bank.
“Trinidad and Tobago had two episodes of high oil prices in the 1970s and early 1990s, and on both occasions there was the view that the proceeds were not efficiently used. There was a significant increase in government expenditure and all the classic indicators of Dutch Disease………………………………………..Full Article: Source

The Australian Greens want to a establish Productivity Commission inquiry into the merits of sovereign wealth funds and how best one would suit Australia.
Greens MP Adam Bandt will pursue a motion in parliament on Tuesday that would instruct the commission to undertake an inquiry and respond in October………………………………………..Full Article: Source