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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Angola fund launch leaves questions unanswered

Posted on 07 November 2012

The Angolan government launched a $5 billion investment fund last month, publicizing it as a new sovereign wealth fund. But questions remained as to how exactly the fund would carry out what it calls a “diversified approach” to investments in Angola and abroad.
The new fund, which the government now calls the Fundo Soberano de Angola, replaces a previous fund established by presidential decree in March 2011. That was called the Fundo Petrolifero de Angola, referred to by the IMF and ratings agencies as the Oil for Infrastructure Fund………………………………………..Full Article: Source


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