Sovereign wealth funds: What does it take to succeed?

Norway's sovereign wealth fund, the country's collective bank account now valued at $1 trillion and built from off-shore oil reserves, is often held up as a prime example of how such funds can succeed.

Pakistan Stocks Best as Violence Ignored: Riskless Return

Pakistan is handing equity investors the world’s best risk-adjusted returns as terrorist attacks, power blackouts and a war with Taliban insurgents fail to curb gains in consumer spending that sent profits to a record high.

Wealth fund dropped over meddling fear

The Finance Ministry and the Bank of Thailand yesterday agreed not to tap the country's foreign reserves to establish a sovereign wealth fund, easing market concerns about government interference in the central bank.

The proposal, initiated by the ministry, would look to invest some of the country's US$180 billion (5.6 trillion baht) in foreign reserves in higher-performing assets other than low-yielding government bonds.