On February 3, President Donald Trump signed an executive order directing the Treasury and Commerce secretaries to develop a plan for a U.S. sovereign wealth fund. Many Americans may be familiar with the concept of sovereign wealth funds due to Saudi Arabia’s Public Investment Fund, which is nearing a deal to invest more than $1 billion in the PGA Tour.
Trump’s order has sparked debate about how such a U.S. sovereign wealth fund would be capitalized and the viability and...
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