If you think BlackRock’s ESG is bad, why invent a mightier tool for political interference in markets?

President Trump signed an executive order last week to create a sovereign wealth fund — something previously decried by both market-oriented conservatives and corporate-skeptic progressives.

Indonesia, the Philippines and the city of Hong Kong all recently launched new funds. Now Trump's U.S. wants one too.

While details of the proposed “sovereign wealth fund” aren’t due until early May, alarms should already be ringing in Congress. Exactly what problem the administration is trying to solve is ...

President Trump signed an executive order to create a U.S. sovereign wealth fund on Feb. 3. AFP via Getty Images Earlier this month, President Donald Trump signed an executive order to create a ...

Joseph Bankman is the Ralph M. Parsons professor of law and business at Stanford Law School. Mark P. Gergen is the Robert and Joann Burch D.P. professor of tax law and policy at the University of ...

President Trump’s executive order calling for creating a U.S. sovereign wealth fund (SWF) is a shiny object looking for a useful function. The idea that Washington should set up an investment ...

Increasingly, though, Trump is veering in Malaysia’s direction with his plan to create a sovereign wealth fund. Investors’ PTSD is being triggered as Trump risks orchestrating his own ...

President Donald Trump signed an executive order last week to create a sovereign wealth fund, similar to those of nations in the Middle East, Europe and Asia. The funds, which typically use ...

The race for wealth funds around the world to scoop up Bitcoin may finally be on. Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, revealed itself to be the seventh largest ...

Sovereign wealth funds are becoming the hottest thing in global finance. Indonesia launched its second state investment fund, the Daya Anagata Nusantara Investment Management Agency, or Danantara ...

In January 2025, shortly after being inaugurated, U.S. President Donald Trump signed an order calling for the creation of a U.S.-owned sovereign wealth fund. An SWF, Trump said, would “promote the ...