Odd Lots: Lessons From A US Sovereign Wealth Fund

President Trump and others have talked about the idea of the US having a Sovereign Wealth Fund, a la the UAE or Singapore. It feels like a longshot, but as it turns out, there are actually several Sovereign Wealth Funds in the United States, one of which is the Alaska Permanent Fund. The fund was established in the 1970s to manage the state’s booming oil fortune, and ensure that the boom benefitted the residents of the state for years into the future. Today the fund manages over $80 billion, con