Sovereign Wealth Funds : Aspects of Governance Structures and Investment Management /

This paper presents in a systematic (normative) manner the salient features of a SWF's governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the various...

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Bibliographic Details
Main Author: Al-Hassan, Abdullah
Other Authors: Papaioannou, Michael, Skancke, Martin, Sung, Cheng Chih
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/231
Online Access:Full text available on IMF
Description
Summary:This paper presents in a systematic (normative) manner the salient features of a SWF's governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the various governing bodies and analyzes key aspects of the investment policy and setting of the risk tolerance level in order to ensure consistent risk-bearing capacity and greater accountability. Further, it discusses the important role of SWFs in macroeconomic management and the need for close coordination with other macroeconomic and financial policies as well as their role in global financial stability.
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Physical Description:1 online resource (34 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Access:Electronic access restricted to authorized BRAC University faculty, staff and students