The trend towards setup and development of sovereign wealth funds has been gaining momentum in the last few years. In 2016, the total value of all states’ sovereign funds exceeded USD 7 trillion. Sovereign funds play an important role in ensuring global financial stability and macroeconomic regulation. How can we evaluate the impact of sovereign funds on the global economy? Can sovereign funds drive national economic growth? Should cash lie still in funds or be put to work? How can we ensure transparent and efficient use of sovereign fund resources?
Geoff Cutmore ,
Waleed Al Mokarrab Al Muhairi ,
Deputy Group Chief Executive Officer, Chief Executive Officer, Alternative Investments and Infrastructure, Mubadala Investment Company
Mahmood H. Alkooheji ,
Chief Executive Officer, Bahrain Mumtalakat Holding Company
Laurent Vigier ,
Chairman, Chief Executive Officer, CDC International Capital
Kirill Dmitriev ,
Chief Executive Officer, Russian Direct Investment Fund (RDIF)
Tadashi Maeda ,
Chief Executive Officer, Executive Managing
Director, Japan Bank for International Cooperation (JBIC)
Mehmet Bostan ,
Chairman, Sovereign Wealth Fund of the Republic of Turkey
Adrian Orr ,
Chief Executive Officer, New
Zealand Superannuation Fund
Maurizio Tamagnini ,
Chief Executive Officer, FSI
What we are doing is working together. This is how nations can work together beyond politics, beyond boundaries.
When we talk about infrastructure, it is not only the classic one. It is much wider: it is education, healthcare, telecommunication. It is what people need every day.
I believe we have to be very transparent. We need to be audited, we need to publish our account, we need to publish statement. Everybody needs to know what we are doing. It is building trust across nation and within a nation.
One of our most successful partnerships is with RDIF, here in Russia. Together we have deployed a billion dollars across co-investments, across multiple asset classes and sectors. And it’s a fantastic broad-based way to get a lot of exposure into economy of Russia, that we think has a tremendous amount.
Europe is built on concept of an open society, free trade, free movement of capital. We see that the potential for growth now is in modernisation of infrastructure in developed countries and in the growth of the emerging countries. So we need to outreach to the emerging countries.
We all are pretty much on the same boat of the global economy. And we are interested to make sure it moves forward. Some of our funds can be used to bring nations closer.
Japan has an ageing society and its population is shrinking. Therefore, we need more demand outside Japan, but it is not just only export. We are going to deploy the investment and we encourage the transport technologies.
Ultimately, when we deploy capital, it is about either diversifying the economy of Abu-Dhabi or furthering partnership, whether it is in North America, Asia, here in Russia or other places.