Sovereign Investment: Volatility, Diversity, Sustainability

Investors are still reeling from the effects of the financial crisis. With their unique approaches to asset allocation and specific long-term goals, sovereign investors are no exception. Key to their success is their ability to utilise the volatile environment to their advantage, diversify portfolios to match their risk appetite and ensure the sustainability of their fund for future generations. With contributions from sovereign wealth managers, Sovereign Investment: Volatility, Diversity, Sustainability addresses these issues from a practitioner perspective offering insights into how funds can and are responding with particular focus on these three areas key to investment in a post-crisis environment: volatility, diversity and sustainability. This book addresses the key issues from a practitioner s perspective, offering insights into how sovereign investors are adapting and evolving. Sovereign Investment: Volatility, Diversity, Sustainability features contributions from sovereign wealth managers from Kazakhstan Investment Corporation, New Zealand Superannuation Fund, Trinidad and Tobago Heritage and Stabilisation Fund, Ghana Petroleum Fund, Oman Investment Fund and Alberta Investment Management Corporation. This book addresses the key issues from a practitioner perspective offering insights into how funds can effectively manage their sovereign wealth in a continuing volatile environment. About the Author Dr Donghyun Park is currently Principal Economist at the Economics and Research Department (ERD) of the Asian Development Bank (ADB), which he joined in April 2007. Prior to joining ADB, he was a tenured Associate Professor of Economics at Nanyang Technological University in Singapore. Dr Park has a Ph.D. in economics from UCLA, and his main research fields are international finance, international trade, and development economics. His research, which has been published extensively in journals and books, revolves around policy-oriented topics relevant for Asia s long-term development, including the middle-income trap, Asia s services sector development, and Asia s sovereign wealth funds. Dr Park plays a leading role in the production of Asian Development Outlook, ADB s flagship annual publication.