Sovereign funds falling short on risk and governance
The chairman of the global association for sovereign wealth funds says the vehicles are not progressing quickly enough in their adoption of risk controls and governance issues.
Sovereign wealth funds (SWFs) are falling short of their self-imposed commitment to display high standards of risk control and governance, according to the chairman of the global association of the state investment vehicles.
The world’s sovereign investors are gathered this week in Auckland, New Zealand for the annual conference of the International Forum of Sovereign Wealth Funds (IFSWF).
Addressing the opening of the conference today, Adrian Orr, chief executive of the NZ$31 b…
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