Federal Sovereign Wealth Fund (Nouvelle Alexandrie)
|Type||Sovereign wealth fund|
|Founder(s)||Government of Nouvelle Alexandrie|
|Headquarters||Cárdenas, Nouvelle Alexandrie|
Ismael Gonzalez, ChairmanJacqueline Fauquier, Managing Director
|Total assets||WAE€687 billion|
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.
It was founded in 1685 AN for the purpose of investing funds on behalf of the people of the Federation by its federal government from taxes on the profits of private hydrocarbon enterprises and the surplus revenues of state-owned hydrocarbon companies.
The FSFW also manages a special reserve of excess oil, estimated to be worth as much as WAE€448 billion. Its portfolio grows at an annual rate of about 10% compounded. Its portfolio includes real estate and fixed-income investments. Many companies are excluded by the fund on ethical grounds.
The FSFW has never published how much it has in assets but estimates have been between €548 billion to approximately WAE€687 billion.