Treasury Secretary Scott Bessent named a Wall Street and military veteran to advise on plans for a sovereign wealth fund, taking a further step toward fulfilling President Donald Trump’s idea for the US to join the ranks of nations with such assets.

New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs,

Trump wants to create a sovereign wealth fund for the U.S. Some conservatives applaud the idea and think it could help prevent Social Security from running out of money. However, many hurdles must be jumped before a U.

A logistics group backed by Oman’s sovereign wealth fund is likely to price its shipping unit’s listing at the top of the range, raising 128.1 million riyals ($332.7 million).

President Donald Trump is scheduled to attend a meeting in Miami on Wednesday with global financiers and tech executives hosted by Saudi Arabia’s sovereign wealth fund. The conference will focus on U.

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in

President Vladimir Putin on Sunday appointed Kirill Dmitriev, the chief of Russia's sovereign wealth fund, as a special envoy on international economic and investment cooperation.

Roundhill Investments has filed a proposed ETF with the U.S. SEC that seeks to provide exposure to a potential sovereign wealth fund. Read more here.

Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will make escalators and moving walkways, as the kingdom looks to boost domestic manufacturing.

According to a media release from the Boston-based growth investor, PSG VI surpassed its $4.7 billion predecessor fund. The fund received commitments from new and existing investors, including state and corporate pensions,

The race for wealth funds around the world to scoop up Bitcoin may finally be on. Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, revealed itself to be the seventh largest holder of shares in BlackRock’s Bitcoin ETF,

Norges Bank received 82 applications for the job to run Norway’s $1.8 trillion sovereign wealth fund, as current chief Nicolai Tangen’s first period comes to an end.