Sovereign Wealth Funds: Current Institutional and Operational Practices

24 Pages Posted: 18 Dec 2008

See all articles by Cornelia Hammer

Cornelia Hammer

Deutsche Bundesbank

Peter Kunzel

International Monetary Fund (IMF)

Iva K. Petrova

International Monetary Fund (IMF)

Date Written: November 2008

Abstract

While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of the SWF (i.e., their original intent) as well as its legal personality. Thus, while SWF practices will continue to evolve, the fundamental objectives of different types of SWFs will continue to shape their practices going forward.

Keywords: Sovereign wealth funds, Governance, Transparency, Investment, Risk management

Suggested Citation

Hammer, Cornelia and Kunzel, Peter and Petrova, Iva K., Sovereign Wealth Funds: Current Institutional and Operational Practices (November 2008). IMF Working Paper No. 08/254, Available at SSRN: https://ssrn.com/abstract=1316722

Cornelia Hammer (Contact Author)

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Peter Kunzel

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Iva K. Petrova

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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