SWF Radar

Thomson Reuters reports that, “Russia plans to set up a government agency which will manage its sovereign wealth fund [the National Wealth Fund (NWF)] and make investment decisions, a government source told Reuters on Wednesday.”

The article adds that the agency will resemble ADIA.

The fund currently stands at $33bn, but it has been suggested (fourth paragraph) that it could quickly get much bigger.

A couple of articles over the last couple of days, including the one referenced in this post, have made reference to the fund as the “NWF”. This seems to be a new development, at least in the press, and certainly helps with the “Wealth or Welfare” confusion.