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Trump and Biden agree: The US should finally start a sovereign wealth fund

Momentum on both sides of the aisle is picking up to establish an American sovereign wealth fund th…

Lakshmi Varanasi,Katie Balevic   


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The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.

Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…

Lakshmi Varanasi   


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Norway's trillion-dollar sovereign wealth fund to vote against Musk's $56 billion Tesla pay package

Norway's sovereign wealth fund will vote against Elon Musk's $56 billion paycheck at Tesla's annual…

Cameron Manley   


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Middle East wealth funds are scrambling to rescue their big bets on the future

The sovereign wealth funds of Saudi Arabia and Abu Dhabi have made big bets on tech firms that now …

Hasan Chowdhury   


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Tech stocks helped drive a record $213 billion gain at the world's biggest sovereign wealth fund in 2023

Norway's sovereign wealth fund saw a big boost from tech last year, its CEO said. The fund notched …

Yuheng Zhan   


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'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund

Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke o…

Matthew Loh   


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The world's largest sovereign wealth fund says it'll dump its Russian assets over the Ukraine invasion

The Norges Bank Investment Management operates a $1.3 trillion fund. It holds shares in about 47 Ru…

Huileng Tan   


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The world's largest stock investor Norway's sovereign wealth fund — has dumped its remaining shares in Adani companies worth $200 million

The fund had started shedding its stake in Adani Group companies right from 2014 — well befor…

Huileng Tan   


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Inflation is permanent and will weigh on stock-market returns for years, says the head of world's largest wealth fund

The head of Norway's $1.3 trillion oil fund said inflation could trigger a long period of low retur…

Harry Robertson   


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The world's largest sovereign wealth fund generated returns of $111 billion in the first half of 2021 as the stock market hit record highs

The Oslo-based $1.4 trillion sovereign wealth fund saw a 13.7% return on equities and a 2.0% slide …

Isabelle Lee   


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Russia can use its sovereign wealth fund to help pay for its war on Ukraine despite sanctions, report says

Leaked documents showed that Moscow has ways to carry on the fighting in Ukraine into 2024, despite…

Phil Rosen   


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Stocks will see very low returns for a long time as markets deal with the aftermath of the pandemic, Norway's sovereign wealth chief says

Markets are still reeling from last year's rout and will struggle to adjust to the new era of lower…

Jennifer Sor   


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One of the world's largest sovereign wealth funds has hit the brakes on investing in China amid fears about Beijing's leadership, report says

Singapore's GIC reduced its Chinese private-equity and venture-capital investments over the past ye…

Filip De Mott   


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The head of the world's biggest sovereign wealth fund was forced out because his wife is Chinese

Norway's security service rejected Jon Nicolaisen's security clearance. His wife is Chinese and res…

Reuters   


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Saudi Arabia's sovereign wealth fund invested $2 billion in Russia before the Ukraine war, report says

A prospectus for the fund revealed investments in Russia's infrastructure, manufacturing, logistics…

Brian Evans   


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Elon Musk was photographed with the CEO of Qatar's sovereign wealth fund hours before asking followers if he should quit as Twitter boss

Musk was snapped at the World Cup final with the CEO of the Qatar Investment Authority, which inves…

Pete Syme   


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Qatar's sovereign wealth fund — which invested $375 million in Elon Musk's Twitter buyout — says it hasn't told the new CEO to tweet less

Qatar Investment Authority CEO told Bloomberg Television in an interview at Davos that the sovereig…

Huileng Tan   


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Former Treasury Secretary Steven Mnuchin is planning an investment fund backed by Persian Gulf wealth funds, report says

The Washington Post reported Mnuchin is planning to launch an investment fund that will be backed b…

Emily Graffeo   


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Saudi Arabia's sovereign wealth fund adds a $412 million bet on tourism as oil income boosts equity investments

The kingdom's Public Investment Fund agreed to acquire a 30% stake in Almosafer Travel & Tourism.

Brian Evans   


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5 mins read

Court docs reveal Saudi wealth fund courted by Hollywood and Wall Street owned planes used in Jamal Khashoggi's killing

A Saudi investment fund courted by Hollywood and Silicon Valley owns two planes used to fly Jamal K…

Eli Clifton, Responsible Stat…