Biggest Gulf wealth funds are faulted for lagging on governance

The data provider’s analysis found that Australia’s Future Fund, Norges Bank Investment Management and New Zealand’s NZ Super had the highest levels of governance, sustainability and resilience – or GSR. (Pic shows: Oystein Olsen (L), Governor of the Central Bank of Norway, and Nicolai Tangen follow a press conference on the employment contract for Tangen, who has been appointed new general manager of Norges Bank Investment Management, on May 28, 2020 in Oslo.)

DUBAI: The biggest wealth funds in the Middle East are the worst performers relative to peers when ranked by their commitment to governance and resilience.

A study of sovereign investors published by Global SWF singled out several of the largest entities in the region for insufficient disclosure and their lack of transparency.