Sovereign Wealth Fund Round Table

Promoting long-term sustainable investment
Event
Session Type
Conference
Session Themes
Institutional Investors
Room number
Room XXVI
15 October 2014
14:30 - 17:30 Europe/Zurich
Europe/Zurich

Sovereign wealth funds (SWFs) manage assets of more than $6 trillion, and public sector pension funds worldwide almost triple this figure. With a long-term investment horizon, these investors have great potential to contribute to sustainable development through investment in relevant sectors, such as infrastructure, agriculture and healthcare. However, only a small portion of the available ‘reservoir’ is currently dedicated to direct investment and many developing countries, in particular those in Africa, are still largely absent from the portfolio of these funds.

At this high-level Round Table, policy makers, executives of SWFs and public pension funds and investment experts examined opportunities and challenges for mobilizing more investment by sovereign wealth and public pension funds in SDG sectors, and how governments and sovereign and public investors can work together to facilitate these investments and magnify their contributions to sustainable development.

Session 1: Opportunities and challenges

  • What are the emerging trends of direct investment by sovereign investors?
  • What opportunities can developing economies offer for sovereign investors in pro-development investment?
  • What barriers curb sovereign investors’ appetite for long-term investments in these regions?

Session 2: Innovative schemes and tools

  • What schemes and tools can be used to leverage long-term investment by sovereign investors?
  • What risk-sharing schemes could be available to alleviate key concerns of sovereign investors for long-term investment?
  • How to leverage options such as co-investment and private equity to ‘broker’ engagement by sovereign investors?

Session 3: Role of host countries

  • What policy measures can host countries adopt to address the barriers faced by sovereign investors?
  • How can governments better prepare bankable projects for sovereign investors?
  • How can governments and sovereign investors work together to maximize the development benefits of sovereign investment while minimizing potential risks and negative impacts?

Speakers

Minister of Industry, Investment and Commerce, Jamaica
Minister of Strategic Resources, Madagascar
Minister of Industry, Trade and Investment, Nigeria
Minister of Commerce, Trade and Industry, Zambia
Managing Director, Kenya Investment Authority
Chair of the Advisory Council, Principles for Responsible Investment (PRI) Initiative, United Nations; Former Director General, Finance Asset Management Department, Ministry of Finance, Norway
Director, Investment Department, Islamic Development Bank; Board Member, IDB Infrastructure Fund 2 and KSA SME Fund, Saudi Arabia
Head, Client Relations, IFC Assest Management Company
Member of the Board of Directors, Sovereign Fund of Angola
Executive Vice President, China-Africa Development Fund
CEO, PensionDenmark, Denmark
Head of Infrastructure and CEO of ATP Alternative Investment, Supplementary Pension of Denmark (ATP), Denmark
Director, Official Institutions, BNP Paribas Investment Partners
Commissioner, National Planning Commission; former CEO of Public Investment Corporation, South Africa
Professor of Economics & Editor of ESADEgeo Sovereign Wealth Fund Reports, ESADE Business School, Spain
Managing Director, CIO UHNW, UBS, Switzerland
Chairman, Heritage and Stabilization Fund, Trinidad and Tobago
Managing Director & Global Head, Central Banks & Sovereign Wealth Funds, Standard Chartered Bank, United Kingdom
Director, Investment and Enterprise Division, UNCTAD