Santiago Principles turn 10 years old
A decade ago, the Santiago Principles were established, to shape governance of state-owned investors. Voluntary participation and flexibility have been the secret to the guidelines’ longevity.
A decade ago, the Santiago Principles were established, to shape governance of state-owned investors. Voluntary participation and flexibility have been the secret to the guidelines’ longevity.
Recent reports highlight challenges sovereign wealth funds face in reconciling long- and short-term objectives – and how success in private markets comes from finding and developing talent.
SWFs, as long-term investors, could play a countercyclical role in providing global financial and economic stability, the International Forum of Sovereign Wealth Funds concluded last week in Beijing.
Sovereign wealth funds have captured the imagination of investment professionals and politicians alike over the past few years. Perhaps because of the large sums of money at their disposal, there has been a degree of wariness about the intentions of some. Most, after all, are controlled by governments.
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