Public Fund Investment Policies: 2015 Annual Review

14 Pages Posted: 19 Oct 2015 Last revised: 5 Nov 2015

See all articles by Paul Rose

Paul Rose

Ohio State University - Moritz College of Law; Bocconi University - BAFFI Center on International Markets, Money, and Regulation; Tufts University - The Fletcher School of Law and Diplomacy; Fundación Instituto de Empresa, S.L. - IE Business School

Date Written: October 19, 2015

Abstract

The Public Funds Investment Policies Survey is an annual publication, now in its second year, which surveys the current investment policy disclosures of the 25 largest (by AUM) SWFs in the world, as listed by the Sovereign Wealth Fund Institute, and the 26 largest (by AUM) SPFs, as listed in the Pension & Investments/Towers Watson 300 Ranking (2012). The policies reviewed in this survey were obtained directly from the funds when possible, using data available as of summer 2015.

Because a minority of funds (primarily SWFs) does not disclose investment policies, caution should be used in interpreting these results. Many funds may have extensive internal policies but choose not to disclose these policies, and the lack of disclosure should not be taken as evidence that such policies do not exist. When possible, reference was made to other sources of data to corroborate or augment disclosed data.

Keywords: public pension fund, sovereign wealth fund, sovereign pension fund

JEL Classification: K2, K33

Suggested Citation

Rose, Paul, Public Fund Investment Policies: 2015 Annual Review (October 19, 2015). Ohio State Public Law Working Paper No. 313. Available at SSRN: https://ssrn.com/abstract=2676002 or http://dx.doi.org/10.2139/ssrn.2676002

Paul Rose (Contact Author)

Ohio State University - Moritz College of Law ( email )

55 West 12th Avenue
Columbus, OH 43210
United States

Bocconi University - BAFFI Center on International Markets, Money, and Regulation ( email )

Milano, 20136
Italy

Tufts University - The Fletcher School of Law and Diplomacy ( email )

Medford, MA 02155
United States

Fundación Instituto de Empresa, S.L. - IE Business School ( email )

Calle Maria de Molina 12, Bajo
Madrid, Madrid 28006
Spain

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