What constitutes a sovereign wealth fund is contested. In general, however, it is a state-sponsored institutional investor that is answerable only to the state and makes investments according to the interests and mandate of that state. Different types of funds have emerged in the context of particular economic conjunctures, and over the last decade the number of sovereign wealth funds has grown substantially, with total assets exceeding $7 trillion. This trend is set to continue, as more and more countries look to establish an SWF. The place of SWFs in global financial markets may appear settled, but this does not mean that concerns about state capital and its place in financial markets has gone away.
This short book offers an incisive discussion of the development of this class of investor, how they have become legitimate actors in global financial markets, and their role as providers of capital and in economic development at home and abroad.
Adam D. Dixon is Associate Professor of Globalization and Development at Maastricht University, the Netherlands. He is author of The New Frontier Investors (2016), The New Geography of Capitalism (2014) and Sovereign Wealth Funds: Legitimacy, Governance, and Global Power (2013). Patrick J. Schena is BLR Professor of Practice in the Department of Economics, Tufts University and Adjunct Professor of International Business at the Fletcher School, Tufts University. Javier Capape is Adjunct Professor and Director of the Sovereign Wealth Research programme at the Centre for Governance of Change at IE University, Madrid. Since 2012, he has been a SovereigNET Research Affiliate at the Fletcher School, Tufts University, USA, and co-editor of the Sovereign Wealth Funds Reports series.
Title: Sovereign Wealth Funds: Between the State and Markets (Finance Matters)
Author: Capap�, Javier,Schena, Patrick J.,Dixon, Adam D.
ISBN: 9781788212489
Binding:
Publisher: Agenda Publishing
Publication Date: 2022-08-25
Number of Pages: 128
Weight: 0.5051 kg
For anyone looking to educate themselves on sovereign wealth funds, this book is hard to beat. Its concise format belies the breadth of coverage and depth of expertise demonstrated by the authors. A must-read! -- Andrew Rozanov, independent SWF expert and originator of the term Sovereign Wealth Fund