Since President Donald Trump announced the establishment of a US sovereign wealth fund in February 2025, it has fuelled both expectations and controversies. Calls for a formal, legislatively grounded US SWF have circulated, with experts pointing to examples like Norway’s Norges Bank Investment Management. An SWF is a state-owned investment fund that manages a country’s financial assets, typically derived from surplus reserves, natural resource revenues or trade surpluses. These funds are generally managed by a country’s ministry of finance, a central bank or a specialised government agency. But under Trump, America ... (full story)