Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities. Sovereign Wealth Funds, Federal Budget (US), United States Politics and Government, Public Investment Fund (Saudi Arabia), Commerce Department, Treasury Department, Bessent, Scott, Trump, Donald J, Lutnick, Howard W Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities. NYT > Business