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Sovereign Wealth Funds Briefing - Categorized | Market

Libya claws back sovereign assets

Posted on 15 October 2012

While the Libyan Investment Authority has been preoccupied with fighting seizures and losses in Europe, several African governments have taken a swipe at telecoms assets, with mixed success.
As the one-year anniversary of the fall of Tripoli approaches, the Libyan Investment Authority (LIA), Libya’s sovereign-wealth fund, is still picking through the recovery of assets frozen during the revolution. The LIA is now also investigating losses that have come to light, including $1.95bn at the hands of investments made with Goldman Sachs and Société Générale in 2007 and 2008………………………………………..Full Article: Source


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