Sovereign Wealth Funds

Professor Avinash Persaud (London, UK) has a career which spans finance, academia and public-policy in London and New York. He is currently Chairman of Intelligence Capital, a financial consultancy and Member of the Board, Elara Capital Limited, an India-focused investment bank. Previously, he was managing director, State Street Corporation; global head, currency and commodity research, J. P. Morgan; and Director, fixed income research, UBS. This is the first guide for investment managers and hedge funds which debunks the myths and clarifies the asset allocation and risk appetite of these huge pools of investment resource. Considered the next big thing in the financial community, sovereign wealth funds- state-owned funds composed of financial assets such as stocks, bonds, property or other financial instruments- have, nonetheless, been misunderstood and perceived as lacking in transparency. One of the first books to explain the nature and management of these funds, Sovereign Wealth Management looks at the different types of SWFs, their history, as well as their economics and risk management. An excellent primer for investment managers, the book also details what a portfolio should look like, common investment mistakes, and the seven rules for sovereign investors.