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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libya fund scouts for Investments

Posted on 13 November 2012

With around $20 billion in cash to put to work, the Libyan Investment Authority is scouting for new bond and property investments despite global economic uncertainty and as it looks to diversify away from the financial sector.
LIA chairman Mohsen Derregia in a phone interview with Dow Jones Newswires said it plans to radically change the asset allocation of its $60 billion portfolio after several years of lackluster returns and allegations of misconduct leveled against its former managers………………………………………..Full Article: Source


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