Sovereign Wealth Fund

The second meeting of the International Forum of Sovereign Wealth Funds (IFSWF) will take place in Sydney this week, with senior representatives from more than 20 funds discussing subjects including active versus passive investing and strategic challenges in post-crisis investment markets.

The managing director of the Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund, Sheikh Ahmed bin Zayed al Nehayan, died on March 26 in a glider accident in Morocco. His legacy to the investment management industry is a commitment to improved transparency, disclosure and cooperation.

The A$66 billion ($58 billion) Australian sovereign wealth fund, the Future Fund, is doubling its allocation to “tangible assets” and will soon make its first allocation to the timberland sub-asset class.