Davos Annual Meeting 2008 – Sovereign Wealth Funds

www.weforum.org 24.01.2008 Myths and Realities of Sovereign Wealth Funds Sovereign wealth funds are now estimated to be as large as US$ 2.5 trillion and expected to reach US$ 12 trillion in 2015. What is their impact on the global economy? Richard S. Fuld Jr, Chairman and Chief Executive Officer, Lehman Brothers, USA Kristin Halvorsen, Minister of Finance of Norway Muhammad S. Al Jasser, Vice-Governor of the Saudi Arabian Monetary Agency Robert M. Kimmitt, US Deputy Secretary of the Treasury Aleksey Kudrin, Deputy Prime Minister and Minister of Finance of the Russian Federation Bader M. Al Sa’ad, Managing Director, Kuwait Investment Authority (KIA), Kuwait Stephen A. Schwarzman, Chairman and Chief Executive Officer, The Blackstone Group, USA Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA Moderator Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom

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