Norwegian and Other Sovereign Wealth Funds

Al Arabiya News recently announced that Norway just surpassed Abu Dhabi in possessing the world’s richest sovereign wealth fund, reporting that “Norway’s Government Pension Fund stood strong at $656.2 billion in October while Abu Dhabi Investment Authority’s assets held a total of $627 billion.” The claim is somewhat misleading, however, in that Abu Dhabi is not a sovereign state, but …