Sovereign Wealth Funds’ management: experience of France and Russia

Abstract

Sovereign funds are considered as a source of investments to modernize economy. The experience of France Strategic Investment Fund was studied. The return on investment of the Reserve Fund and National Welfare Fund was analyzed and it was concluded that the efficiency of investments of these funds was insufficient and there are possibilities for the investment of the part of Russian Sovereign Wealth Funds into national economy. The opportunities to attract investments into the economy of the Russian Federation from foreign sovereign wealth funds as well as prospects for co-investment in the framework of the Russian Direct Investment Fund including cooperation with Caisse des Depots International were scrutinized.

Keywords

• инвестиции
• суверенные фонды
• соинвестирование
• Французский стратегический инвестиционный фонд
• Резервный фонд
• Фонд национального благосостояния
• Российский фонд прямых инвестиций
• сo-investment