IFSWF: Sovereign Wealth Funds Reach Disclosure Milestone

by International Forum of Sovereign Wealth Funds

In January 2020, the International Forum of Sovereign Wealth Funds (IFSWF) published all 34 full members’ self-assessments of their application of the Generally Accepted Principles and Practices (the Santiago Principles^®). These documents provided new details into the governance structures, as well as investment and risk management processes and practices of these institutions. This is the first time that all IFSWF members have completed and published a self-assessment, including the Libyan Investment Authority.

“The 2019 Santiago Principle self-assessments are materially different from the prior submissions. Across members generally, they were far more complete, clear, and consistent in their interpretation of individual Principles. The documents are a unique primary resource with value to both researchers and counterparties interested in monitoring fund details related to organizational structure, governance, and investment and risk policies and practices.”

Professor Patrick Schena, Adjunct Assistant Professor of International Business at The Fletcher School