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These are of course non-exclusive, in the sense that crony can be non-US investments. Investing in Middle East efforts such as Neom comes to mind.
by quantified 2y ago
These are of course non-exclusive, in the sense that crony can be non-US investments. Investing in Middle East efforts such as Neom comes to mind.
- robocat 2y agoYeah. Sovereign funds really stretch the word "investing". Here's a list by country: https://en.m.wikipedia.org/wiki/List_of_sovereign_wealth_funds_by_country https://en.m.wikipedia.org/wiki/List_of_sovereign_wealth_fun... The NZ entry only mentions New Zealand Superannuation Fund (70 billion) and ignores other government funds. NZ has a Hazard Fund (was 6 billion before earthquakes) and ACC investment fund (47 billion) and the Government Superannuation Fund (retirement funds/pensions for politicians and government employees) and the National Provident Fund and I think that some government departments also have their own investments. There's a lot of ESG involved https://fallback.nzsuperfund.nz/assets/Uploads/CTI-Quarterly-Engagement-Report-2024-Q2.pdf https://fallback.nzsuperfund.nz/assets/Uploads/CTI-Quarterly... and the government wants to use funds to "invest" in internal NZ infrastructure: https://newsroom.co.nz/2024/05/07/national-progressing-changes-to-nz-supers-ownership-rules/ https://newsroom.co.nz/2024/05/07/national-progressing-chang...