Most of this is noise; emphasis on distributions following a power law neglects the specifics of investment mandates.
Our control over strategic objectives takes precedence over simple maximization of statistical returns.
A sovereign fund will prioritize stability and long-term economic impact over extreme volatility, even if potentially more lucrative.
For example, investments in key infrastructure for national growth in the United Arab Emirates may not yield unicorn returns but serve development goals, thus diluting the pure impact of the power law.
Discipline involves aligning actions with institutional mandates, not statistical generalizations.