Federal Sovereign Wealth Fund (Nouvelle Alexandrie)
 | |
| Type | Sovereign wealth fund |
|---|---|
| Industry | Institutional investor |
| Founded | 1685 AN |
| Founder(s) |
 Government of Nouvelle Alexandrie |
| Headquarters | Cárdenas, Nouvelle Alexandrie |
| Key people |
Ismael Gonzalez, Chairman Jacqueline Fauquier, Managing Director |
| Total assets | NAX€1.2 trillion (as of 1729 AN) |
The Federal Sovereign Wealth Fund (FSWF) is a sovereign wealth fund owned by the people of the Federation of Nouvelle Alexandrie and administered by the federal government. Established in 1685 AN, the FSWF serves as a long-term investment vehicle to secure the financial future of Nouvelle Alexandrie. The fund's capital originates from taxation on private hydrocarbon companies' profits and surplus revenues from state-owned hydrocarbon ventures.
Initially managing assets worth nax€448 billion, the fund has experienced consistent growth with an annual compound growth rate of about 10%. By 1729 AN, the fund's assets have more than doubled, reaching an estimated NAX€1.2 trillion. This growth is attributed to prudent investment strategies and the booming hydrocarbon market. The FSWF's investment portfolio is diverse, including real estate, fixed-income investments, international equities, and emerging market bonds. Its investment philosophy aims to maximize long-term returns while minimizing risks.
In addition to its investment activities, the FSWF plays a crucial role in supporting Nouvelle Alexandrie's national budget. Dividends from the fund's investments are allocated such that 50% are reinvested to ensure continued growth and sustainability, while the other 50% supplements the national budget. This strategic allocation aids in funding essential public services and development projects, further securing Nouvelle Alexandrie's financial future amidst debates over its reliance on fossil fuel revenues.
History
Founded in 1685 AN, the Federal Sovereign Wealth Fund was initiated to manage and invest the proceeds from hydrocarbon taxation. The Hydrocarbon Nationalization, Levy, and Strategic Reserve Act, 1695 later solidified this revenue source for the fund. Adapting to global financial trends over the years, the FSWF expanded its investment portfolio to ensure robust growth and financial stability for future generations.
Fund Details
Management and size
As of 1729 AN, Chairman Ismael Gonzalez and Managing Director Jacqueline Fauquier lead the fund's strategic direction and investment decisions. With assets valued at approximately NAX€1.2 trillion, the FSWF is among the world's largest sovereign wealth funds, showcasing Nouvelle Alexandrie's economic strength and commitment to financial planning.
