Indonesia’s new sovereign wealth fund
The Conversation on MSN13d
Patrick J. Schena: U.S. sovereign wealth fund — idea to invest strategically, or giant opportunity for waste?If President Donald Trump gets his way, then perhaps so. On Feb. 3, Trump issued an executive order calling for the creation of a U.S. sovereign wealth fund. This was not entirely unexpected. After all, the idea had been floated in September 2024 not only ...
Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will make escalators and moving walkways, as the kingdom looks to boost domestic manufacturing.
Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, bought $436 million in Bitcoin ETF shares.
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