1MDB: A Development Catalyst

Ashby Monk

1Malaysia Development Fund Bhd (1MDB) appears to be ramping up its activities. According to Anita Gabriel, who has an interesting article in The Star, the fund has already allocated roughly $1 billion and has tentative plans to work with “two other giant foreign entities from China and Abu Dhabi.” (…I think I can guess what entities she might be talking about…)

It’s interesting to see this fund moving forward, as things got a bit confusing earlier in the year when the federal government decided to take over what was originally a state-sponsored SWF. (Anybody remember the short-lived Terengganu Investment Authority?) Anyway, the transition is apparently over, and things are taking shape.

In fact, Gabriel has put together a very interesting graphic that depicts the new fund’s mandate. It’s worth studying.

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This website is a project of Professor Gordon L. Clark and Dr. Ashby Monk of the School of Geography and the Environment at the University of Oxford. Their research on sovereign wealth funds is funded by the Leverhulme Trust and The Rotman International Centre for Pension Management.

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