United States to Appoint ex-Morgan Stanley Head of Global Technology Investment Banking Michael Grimes as Head of New Sovereign Wealth Fund, 30 Years at Morgan Stanley & Joined United States Commerce Department as Senior Advisor in 2025 February, Led Leading Tech IPOs at Morgan Stanley Including Meta (Facebook), Uber, Airbnb & Advised Elon Musk on $44 Billion Twitter Acquisition
9th March 2025 | Hong Kong
United States has been reported to soon to be appointing ex-Morgan Stanley Head of Global Technology Investment Banking Michael Grimes as Head of new sovereign wealth fund. Michael Grimes was with Morgan Stanley for 30 years, and joined the United States Commerce Department as Senior Advisor in 2025 February. At Morgan Stanley, Michael Grimes led leading tech IPOs including Meta (Facebook), Uber, Airbnb, and advised Elon Musk on his $44 billion Twitter acquisition. In 2025 February, United States President Donald Trump has signed an executive order to create a new sovereign wealth fund in the next 12 months, with officials to submit a plan within 90 days on legal requirements & key recommendations for setup, funding, investment goals, structure & governance for the sovereign wealth fund. The Top 3 United States sovereign wealth funds are Alaska Permanent Fund Corporation (APFC) with $80 billion AUM, University of Texas Investment Mgmt Company (UTIMCO) with $78 billion AUM & Texas Permanent School Fund (TPSF) with $62 billion AUM.
“ United States to Appoint ex-Morgan Stanley Head of Global Technology Investment Banking Michael Grimes as Head of New Sovereign Wealth Fund, 30 Years at Morgan Stanley & Joined United States Commerce Department as Senior Advisor in 2025 February, Led Leading Tech IPOs at Morgan Stanley Including Meta (Facebook), Uber, Airbnb & Advised Elon Musk on $44 Billion Twitter Acquisition “
United States Plans Sovereign Wealth Fund in Next 12 Months, Officials to Submit Plan Within 90 Days on Legal Requirements & Key Recommendations for Setup, Funding, Investment Goals, Structure & Governance, Top 3 United States Sovereign Wealth Funds are $80 Billion Alaska Permanent Fund Corporation (APFC), $78 Billion University of Texas Investment Mgmt Company (UTIMCO) & $62 Billion Texas Permanent School Fund (TPSF)
4th February 2025 – United States President Donald Trump has signed an executive order to create a new sovereign wealth fund in the next 12 months, with officials to submit a plan within 90 days on legal requirements & key recommendations for setup, funding, investment goals, structure & governance for the sovereign wealth fund. The Top 3 United States sovereign wealth funds are Alaska Permanent Fund Corporation (APFC) with $80 billion AUM, University of Texas Investment Mgmt Company (UTIMCO) with $78 billion AUM & Texas Permanent School Fund (TPSF) with $62 billion AUM.
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