SWF 1. SWF SWF SWF 2. SWF SWF 26 IMF OECD 3. SWF IMF GIC SWF 4. SWF SWF SWF 5. SWF SWF CIC 6. SWF SWF SWF OECD IMF 145
2009 Winter Sovereign Wealth Fund SWF 2008 9 SWF 2007 2008 SWF 2008 SWF 2008 6 SWF IMF OECD SWF SWF SWF 2008 SWF SWF SWF 2007 SWF SWF SWF 2008 4 DC IMF SWF OECD SWF EU SWF 1 SWF IMF OECD SWF IMF 2008 10 SWF SWF Sovereign Wealth Funds Generally Accepted Principles and Practices IMF SWF 26 SWF 1 SWF 2008 146
International Working Group on Sovereign Wealth Funds IWG 2 SWF SWF IWG SWF 4 SWF SWF SWF SWF SWF 2 SWF SWF SWF 21 SWF SWF SWF SWF 17 18.3 19.1 5 23 SWF SWF 1 2 IWG 26 UAE Hamad Al Hurr Al Suwaidi IMF Monetary and Capital Markets Department Jaime Caruana 147
2009 Winter 1 IMF SWF 148
IMF IWG SWF 17 22 OECD 2008 6 SWF SWF OECD OECD Declaration on Sovereign Wealth Funds and Recipient Countries SWF SWF 2 OECD 3 OECD 2008 10 4 OECD OECD Guidelines for Recipient Country Investment Policies Relating to National Security OECD 2 3 1961 OECD Code of Liberalization of Capital Movements 1976 2000 OECD OECD Declaration on International Investment and Multinational Enterprises 149
2009 Winter 2 OECD OECD OECD OECD 2008 4 SWF Blueprint for Sovereign Wealth Fund Best Practice SWF IMF SWF 100 74 4 4 74 SWF 33 33 20 33 4 29 29 6 6 26 36 74 150
SWF 5 OECD OECD OECD 6 SWF SWF IMF SWF SWF SWF GIC 2008 9 1981 2007/08 Report on the Management of the Government s Portfolio for the Year 2007/08 GIC 25 53 GIC 3 GIC 2008 3 5.8% 4.5% 1/3 5 6 Edwin M. Truman Making the World Safe for Sovereign Wealth Funds October 14, 2008 Edwin M. Truman OECD Guidance on Sovereign Wealth Funds: Still Falling Short October 30, 2008 151
2009 Winter 3 GIC 3 GIC Report on the Management of the Government s Portfolio for the Year 2007/08 ADIA SWF SWF 2007 11 ADIA ADIA 4 ADIA IT 152
4 ADIA Board of Directors Audit Committee Strategy Unit Evaluation & Follow-up Managing Director Internal Audit Legal Management Committee Strategy Committee Investment Committee Investment Guidelines Committee IT Committee Investment Departments Support Departments External Equities Alternative Investment Accounts Operations Internal Equities Real Estate Information Technology Finance & Administration Fixed Income and Treasury Private Equities ADIA SWF 2007 SWF 2007 2008 SWF 2006 CIC 2007 2005 2008 2 SWF 2008 10 SWF 7 SWF 200 8,500 8 2008 10 EU EU SWF EU 7 8 Merkel sees red at Sarkozy s plans for state intervention The Times, October 24, 2008 2.4 2008 11 21 153
2009 Winter CAC SWF EU 9 SWF Saudi Arabian Monetary Agency SWF 2007 2008 7 SWF Sanabil al-saudia Sanabil Public Investment Fund 100% 53 10 GIC 11 9 2007 2008 SWF SWF SWF SWF 12 SWF SWF IMF OECD 13 SWF 2008 7 GE EADS GE GE EADS Germany Seeks to Block French Plans on Tackling Financial Crisis Deutsche Welle, October 28, 2008 10 Saudi Arabia approves setting up of new fund FT.com, July 16, 2008 11 Saudis to launch $5.3bn sovereign fund FT.com, April 28, 2008 Saudi Arabia: Toe in the water The Economist Intelligence Unit, May 16, 2008 12 Inside China Investment Corp Institutional Investor, September 2008 One Fund Two Masters Institutional Investor, September 2008 13 Sovereign funds go it alone Investment & Pensions Asia, Fourth Quarter 2008 154
CIC 2008 10 9.9% 12.5% 14 CIC CIC AIG AIG CIC AIG 15 SWF 16 SWF SWF 2007 SWF IMF OECD SWF SWF SWF OECD SWF SWF OECD IMF SWF 14 China Allowed to Raise Stake in Blackstone The New York Times Deal Book, October 21, 2008 Blackstone Eyes China Property The New York Times Deal Book, October 15, 2008 15 2008 11 21 16 SWFs Not Shying Away Completely Investment Dealers Digest, October 20, 2008 155