Russia
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
Articles
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
page revision: 4, last edited: 08 Mar 2008 20:27