영문목차
List of figures=vi
List of tables=vii
Foreword=viii
Preface=xi
1. Introduction and definition of sovereign wealth funds=1
2. The Gulf's commodity-based sovereign wealth funds=18
3. Kuwait's sovereign wealth fund=33
4. Saudi Arabia's sovereign wealth funds=55
5. The United Arab Emirates' sovereign wealth funds=73
6. Iran's experience of sovereign wealth management=106
7. The government pension fund of Norway=127
8. The challenge of transparency for sovereign wealth funds=143
9. Conclusion=163
Appendix A. Generally Accepted Principles and Practices(GAPP)―Santiago Principles=169
Bibliography=173
Index=189
1.1. Summary of government funds=7
1.2. Five largest commodity SWFs of the world=10
2.1. Estimated assets held by largest SWFs of the world 2002-2012=21
2.2. Estimated 2008 gains and losses of selected SWFs=25
3.1. Kuwait sovereign wealth enterprises=35
3.2. Growth of Kuwait's government income during the 1970s=40
3.3. Chairmen of KIA=43
3.4. Managing Directors of KIA=44
4.1. Saudi Arabia's main economic indicators=56
4.2. Saudi Arabia SWFs=57
4.3. Saudi Arabia government revenue=58
4.4. SAMA's financial position 2005-2010=60
4.5. SAMA governors since its establishment=66
5.1. Abu Dhabi main SWFs=76
5.2. A summary of ADIA's development history=78
5.3. Members of ADIA's Board of Directors=82
5.4. The key events in the BCCI scandal=85
5.5. ADIA's portfolio overview by asset class and region=87
5.6. Invest AD board of directors=91
5.7. An overview of Mubadala Development Company's business units=92
5.8. EIA's senior management=97
5.9. Development timeline at the EIA=97
6.1. Number of funded projects by IFESA in each province=117
6.2. IFESA's activities 2000-2007=118
7.1. Development of investment strategy for the GPFG since its establishment=130
7.2. The largest holdings of the GPFG as of 2010=132
8.1. Comparison of sovereign wealth fund scoreboards=158
1.1. Total AUM of global investment funds=2
1.2. State-operated financial institutions=7
1.3. Annual investments by SWFs=9
2.1. Geographic investment targets of SWFs=23
2.2. Share of completed investment transactions by SWF in 2009=29
3.1. Kuwait budget forecast 2010-2012=34
3.2. Kuwait government oil revenues 1946-1956=37
4.1. GCC selected countries oil revenue=58
4.2. Saudi government revenues and expenditures, 1964-1980=59
5.1. Abu Dhabi and Dubai annual oil production, 1962-1984=74
5.2. Source of funds from the government to ADIA=77
5.3. Mubadala investments by 2010 by sector=93
5.4. Investment process and investment criteria at Mubadala=94
6.1. Distribution of Iran's oil revenue=110
6.2. Sketch map of Iran showing provinces until 2005=111
6.3. IFESA's financed project, public and private sector 2001-2005=113
6.4. Loan application procedure at IFESA=114
6.5. A review of projects financed by IFESA until September 2005=115
7.1. The GPFG's market value=129
7.2. GPFG's fixed-income holdings based on credit ratings=131
7.3. Benchmark portfolio of the GPFG=131
7.4. Structure of governance and management of the GPFG=137
7.5. Organization structure of the GPFG=137
7.6. Folketrygdfondet's organization chart=139
8.1. SWF's relationship with the surrounding environment=145
8.2. Selected funds' GAPP Compliance Index as of March 2010=161