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539 points maguay | 2 comments | 26 Aug 25 10:47 UTC | HN request time: 0s | source

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felipeerias ◴[26 Aug 25 13:46 UTC] No.45026495[source]▶

>>45024786 (OP) #

Is this the beginning of the US sovereign fund?

replies(3): >>45026708 #>>45027831 #>>45027837 #

1. qwytw ◴[26 Aug 25 15:19 UTC] No.45027831[source]▶

>>45026495 #

Don't most sovereign wealth funds invest mainly (or entirely like in Norway's case) into foreign assets.

Holding significant stakes in domestic companies just seems like light state capitalism.

replies(1): >>45027941 #

2. Telemakhos ◴[26 Aug 25 15:29 UTC] No.45027941[source]▶

>>45027831 (TP) #

I'd suspect Trump would model his on Saudi Arabia's PIF rather than Norway's fund. The PIF invests in companies worldwide, including Uber and Blackstone, as well as providing capital for mega-projects like NEOM.

https://en.wikipedia.org/wiki/Public_Investment_Fund#List_of...

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