US president Donald Trump has signed an executive order to establish a sovereign wealth fund SWF in the US. The size, scope and nature of the SWF remains unlear.
US treasury secretary Scott Bessent and Howard Lutnick, the US secretary of commerce, have been tasked with submitting a plan to the president within 90 days of the date of the February 3 order. The plan will include recommendations for funding mechanisms, investment strategies, fund structure, and a governance model.
The plan shall also include an evaluation of the legal considerations for establishing and managing such a fund, including any need for...
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