The U.S. may be home to some of the world’s biggest investors, but unlike other countries such as Saudi Arabia and Singapore, the federal government doesn’t have an investment arm of its own.
That might change if Donald Trump is elected to a second term as president. Speaking at the Economic Club of New York on Thursday, Trump called for the creation of a sovereign wealth fund—a term that describes state-owned organizations that operate like hedge funds or private equity firms, pursuing different financial strategies such as buying up stock in public companies or backing startups and other private companies.
