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Sovereign Wealth Funds Briefing - Categorized | Trends

Can Angola’s sovereign wealth fund break with a murky past?

Posted on 22 October 2012

Jose Filomeno dos Santos, the son of Angola’s longtime president, is a very affable and charming person, I discovered at a meeting with him in Luanda last week. We spoke at the launch of Angola’s new sovereign wealth fund, Fundo Soberano de Angola, where it was announced that he has been appointed to the board of the fund along with the president’s economic adviser, Armando Manuel.
With a background in the world of finance and close connections right to the top of the political heap, Dos Santos seems eminently suited to a leading role in a country where these are highly prized assets. But the news of his powerful position on the board, which will define the fund’s investment strategy and oversee its activities and assets, was generally met with dismay by Angola watchers………………………………………..Full Article: Source


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