Instead of passing debt to future generations, we’d be giving them assets—and they’d have a real stake in America's success.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...

Star technology investment banker Michael Grimes, who left Morgan Stanley to take up a senior role in the U.S. Commerce ...

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 ...

But there are a few problems — namely, it’s never been done in a democracy as complex as the United States. Perhaps the most well-known sovereign wealth fund, an investment fund created by a ...

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

THE US Commerce Department is tapping former Morgan Stanley banker Michael Grimes to lead a planned sovereign wealth fund, ...

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

Norway is under pressure to tap into its massive sovereign wealth fund to boost aid to Ukraine as concerns grow over US ...

In 2010, Qatar’s sovereign wealth fund, the Qatar Investment Authority ... If the combined sovereign wealth funds were a country, it would be the world’s third-largest economy, trailing only the ...