Sovereign wealth funds are becoming the hottest thing in global finance ... The first modern-day funds were set up by ...

Washington may not have a sovereign wealth fund, but almost half the U.S. states do. Indeed, the earliest precursor of a national sovereign wealth fund was established in the United States: in 1803, ...

A sovereign wealth fund often serves as a ... $1 trillion wealth fund is more than three times its GDP, while Kuwait’s wealth fund, also $1 trillion, is around five times its GDP.

The businessman-president would like to see the federal government operate like a private investor, but there are a number of ...

Kuwait’s cabinet approved a draft decree that paves the way for the OPEC-member Gulf state to sell international debt for the ...

Sovereign wealth funds are becoming the hottest thing in ... rich countries hoping to leverage their financial surplus, with Kuwait setting up the earliest such organization in 1953.