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Sovereign wealth funds and transparency

Published on July 30, 2026   14 min

A selection of talks on Strategy

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0:00
Hello, everyone. My name is Prof. Anna Grosman. I'm a professor of management and entrepreneurship at Loughborough University in London and today I would like to talk about sovereign wealth funds and their transparency.
0:17
What is a sovereign wealth fund? It's essentially an intergenerational savings device for managing a proportion of a foreign exchange windfall. Typically, but not only, the money to set up a sovereign wealth fund comes from natural resources. It comes from money that is generated from selling oil, gas, energy, other types of natural resources such as minerals, and a fund is set up to fulfill the stabilization of the economy or national or regional economic development. As I said, it is an intergenerational savings device, meaning that sovereign wealth funds set up today will benefit future generations of citizens. Finally, sovereign wealth funds are also serving their country's political or diplomatic purposes.
1:18
Sovereign wealth funds are everywhere. So it's a global power. And as you can see, they are in Asia, they are in America, they are in Africa in the Middle East, Oceania, in Europe. So it's not a regional phenomenon; It's a global phenomenon. Virtually every important country in the world has a sovereign wealth fund or two. The largest sovereign wealth fund is in Norway.

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Sovereign wealth funds and transparency

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