Sovereign Wealth Funds
North Dakota Legacy Fund, Explained
A clear guide to the North Dakota Legacy Fund: its roughly US$13 billion in oil-tax savings, the constitutional 30% deposit rule, the 8% earnings payout, and who manages it.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Sovereign Wealth Funds
New Mexico State Investment Council (NMSIC), Explained
A clear guide to the New Mexico State Investment Council: the roughly US$70 billion Land Grant and Severance Tax permanent funds, how oil royalties feed them, and how payouts fund public schools.
Sovereign Wealth Funds
Trinidad & Tobago Heritage and Stabilisation Fund (HSF), Explained
A clear guide to Trinidad and Tobago's Heritage and Stabilisation Fund: its dual mandate, its roughly US$6 billion size, how deposits and withdrawals are triggered, and who runs it.
Sovereign Wealth Funds
Timor-Leste Petroleum Fund, Explained
A clear guide to the Timor-Leste Petroleum Fund: its size, the 3% sustainable-income rule, its Norway-style governance, and why overspending threatens to exhaust it by the mid-2030s.
Sovereign Wealth Funds
Brunei Investment Agency (BIA), Explained
A clear guide to the Brunei Investment Agency: the size of its reserves, how it is funded, and why it is one of the least transparent sovereign wealth funds in the world.