While it may be true that the state is often a bad manager of assets and businesses in this case the state is not usually involved in the management of the assets. This is being done through the wealth fund which is often in large part run by people whose background is in finance rather than in government. This use of external independent asset managers in itself should be enough to ease worries over state control. [1] Because SWFs don’t seek to have control over the majority of the businesses they invest in discredited government economic planning is not an issue. [2] Indeed SWFs are operating much more like private companies than state owned enterprises.  [1] Mezzacapo, Simone, ‘The so-called “Sovereign Wealth Funds”: regulatory issues, financial stability and prudential supervision’, 2009, p.46.   [2] Rose, Paul, ‘Sovereign Wealth Funds: Active or Passive Investors?’, 2008.