Winston Ma

Winston Ma

THE WRITER, CFA, IS AN INVESTOR, ATTORNEY, AND AUTHOR. HE IS A PARTNER OF DRAGON GLOBAL, AN AI-FOCUSED FAMILY OFFICE, EXECUTIVE DIRECTOR OF THE GLOBAL PUBLIC INVESTMENT FUNDS FORUM, AND ADJUNCT PROFESSOR OF SOVEREIGN INVESTORS AT NEW YORK UNIVERSITY’S SCHOOL OF LAW.

The US is joining a global trend of sovereign investment funds becoming new, powerful venture capitalists – actively scouting startups themselves, investing earlier and even creating their own standalone VC arms.

Sovereign funds are becoming the new venture capitalists

They are especially suited for investing in high-risk, capital-intensive and long-horizon tech ventures

The Trump administration has signalled interest in taking a stake in Tik Tok through golden shares, granting veto power over key corporate decisions.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Intel, TikTok and a US sovereign wealth fund: When politics, tech and capital markets intersect

What the new model of American state capitalism means for investors