The last two decades have seen sovereign wealth funds (SWFs) grow to become key players in the global financial space, courtesy of their enormous capital base running into trillions of dollars. Both the Biden and Trump administrations have explored creating such a fund to invest in national security interests and secure national wealth.
President Donald Trump’s Feb. 10 executive order directs the US Department of the Treasury and the US Department of Commerce secretaries to develop a plan outlining funding mechanisms, investment strategies, fund structure and governance model. This bipartisan interest in sovereign wealth funds raises key legal and market ...
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