Firms have a growing appetite for private markets, as shown by President Trump’s proposed creation of a US SWF.

If you think BlackRock’s ESG is bad, why invent a mightier tool for political interference in markets?

President Trump signed an executive order last week to create a sovereign wealth fund — something previously decried by both market-oriented conservatives and corporate-skeptic progressives.

While details of the proposed “sovereign wealth fund” aren’t due until early May, alarms should already be ringing in Congress. Exactly what problem the administration is trying to solve is ...

Indonesia, the Philippines and the city of Hong Kong all recently launched new funds. Now Trump's U.S. wants one too.

Increasingly, though, Trump is veering in Malaysia’s direction with his plan to create a sovereign wealth fund. Investors’ PTSD is being triggered as Trump risks orchestrating his own ...

President Trump signed an executive order to create a U.S. sovereign wealth fund on Feb. 3. AFP via Getty Images Earlier this month, President Donald Trump signed an executive order to create a ...

Joseph Bankman is the Ralph M. Parsons professor of law and business at Stanford Law School. Mark P. Gergen is the Robert and Joann Burch D.P. professor of tax law and policy at the University of ...