… “Verifiable” governance standards were crucial to keeping politics separate from investment decisions.
That’s table 35 from a new study by Gordon Clark of Oxford University and Ashby Monk of Boston College, who have tackled the enduring opacity surrounding sovereign wealth funds by carrying out an opinion poll amongst 146 asset managers who have worked for various SWFs.
Sovereign wealth funds’ (SWF) operations and strategies remain, in many cases, guarded secrets. While some confidentiality is understandable, a gap exists between what we’d like to know about SWFs and what most SWFs are willing to tell us. This report fills this information gap through proxy, by illustrating the results of a survey that canvassed experts about their experience working with SWFs and their opinions on SWF operations. Specifically, this report documents what SWF’s own asset managers think about their operations and behaviour. Until such a time that we have reliable, first-hand data, this information may help better understand these important financial institutions.
H/T MoneyScience