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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libyan SWFs to increase investment in equities

Posted on 24 October 2008

From Bloomberg: The Libyan Investment Authority, the country’s $65 billion sovereign wealth fund, plans to increase its holdings of European, U.S., Asian and emerging market equities by as much as $2 billion in the next six months after the recent collapse in global stock markets made them attractive.

“We’re thinking about telecommunication, pharmaceutical, retailers, utility companies,” Libya’s Central Bank governor Farhagt Bengdara, who also sits on the board of the Libyan Investment Authority, said at a meeting of African central bank governors today in Cairo….. Full Article: Source


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