Sovereign Wealth Funds

While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of the SWF (i.e., their original intent) as well as its legal personality. Thus, while SWF practices will continue to evolve, the fundamental objectives of different types of SWFs will continue to shape their practices going forward.Sovereign wealth funds;risk management, pension, legal entity, legal entities, internal audit, accounting standards, asset managers, investment objectives, pension reserve, future pension, external asset managers, pension fund, government pension, internal control, legal framework, national pensions reserve fund, national pensions, pension expenditures, pension expenditure, pensions, accounting firms, investment management, external auditing, internal control systems, risk diversification, active asset management, retirement income, retirement, risk management practices, asset management, revenue shortfall, supervisory board, internal auditing, compliance officer