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.