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[Report: Trump Administration's Plan To Set Up A Sovereign Wealth Fund Encounters Obstacles] According To People Familiar With The Matter, US President Trump Has Put On Hold Plans To Set Up A Sovereign Wealth Fund After Three Months Of Discussions By Government Officials Failed To Provide The Broad Investment Flexibility He Expected. The Grand Plan To Establish A Fund Comparable To The Trillion-dollar Funds Owned By Major Oil Producers Has Encountered Obstacles From Legal, Financial And Political Realities And Has Been Relegated To A Lower Priority. The Government Is Now Considering Establishing A Simpler, More Limited Investment Vehicle That Can Operate Using Existing Institutions Without The Need For Additional Congressional Approval
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