Temasek? Or 1MDB?

SAUDI Arabia oversees a mammoth sovereign wealth fund and the source of the funding is no rocket science. There are seemingly infinite wells that can eminently fund the kingdom's global investment ambitions. Then there is the case of tiny Singapore. As Singapore transitioned from Third World to First World — and gained investment sophistication in the process — Temasek was launched, the melding of the dream of the founding fathers and the financial muscle, sophistication and integrity of the tiny nation-state. The fund comes with the proud badge of integrity. All anti-corruption rankings rank Singapore's official integrity as top tier.

Saudi Arabia ably shepherded and managed its investments funds sourced from massive natural extraction; Singapore took the harder route of slowly building a First World economy, then created an investment fund that came with its booming economy. As historical examples show, there is no one way to build and manage a sovereign wealth fund.