Stabilization Fund of the Russian Federation

Inception: 2004
Run by Pyotr Kazakevitch
147.6 Billion under management1
Has only invested in AAA government bonds

This fund is to be split into the two funds below

Reserve Fund

A hedge by the government against falling oil prices
$125 Billion under management

Fund for National Well-Being

$32 Billion under management
Will be used as a public pension system
Can invest in foreign stocks and bonds


2/4/2008 Russia should use sovereign wealth to help local banks

1/2/2008 Russia Creates a $32 Billion Sovereign Wealth Fund

9/18/2007 Russia torn over how to invest riches