Published Date Sep 05, 2024

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.

Read More: Trump just called for a U.S. sovereign wealth fund. What would that look like?

By Caroline Gaudette

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