Comments on: Introducing the HIC

By: Saudi’s New SWFs Are “Stuck” « Oxford SWF Project

Saudi’s New SWFs Are “Stuck” « Oxford SWF Project — Thu, 22 Jul 2010 16:12:49 +0000

[...] Hassana Investment Company: This fund was given the official go-ahead in March of 2009. Its mandate was to invest pension fund [...]

By: Ashby Monk

Ashby Monk — Tue, 25 Aug 2009 13:16:49 +0000

Rien: I agree with your simplified definition of SWFs. I’m always perplexed when analysts (and the US treasury) define SWFs as only having “foreign assets”. Temasek? France’s FSI?

By: rien huizer

rien huizer — Tue, 25 Aug 2009 12:49:10 +0000

Any pool of state owned assets with no other claimant than the state itself could be called a SWF, as long at that state accepts (temporarily) that it be governed and managed in accordance with the Santiago rules. That does not make it a non-state actor in international law. But it may make it out of bounds for some in certain non-democratic societies where the ruling elite lives by intra-elite rules. That is fine, but SWFs should not be respected by OECD gvts as a legitimate way to avoid barriers to protectionism, despite their attractiveness for investments banks (an importtant interest group in the US and UK).Even if some gvts derive opportunistic benefits from SWF investment.

By: Sanabil al-Saudia « Oxford SWF Project

Sanabil al-Saudia « Oxford SWF Project — Tue, 28 Apr 2009 14:06:18 +0000

[...] launch of this SWF comes on the heels of the unveiling of the Hassana Investment Company, another Saudi Arabian public invest vehicle, which will invest pension fund assets in global [...]