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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Ernst&Young: Asset management revenues Azerbaijan Oil Fund amounted 2.2pct in 2012

Posted on 18 July 2013

The State Oil Fund of Azerbaijan (SOFAZ) published its Annual Report 2012, audit of which was made by Ernst&Young. In accordance with report, the State Oil Fund’s assets under management increased by USD 4 329.4 million, or 14.5%, from USD 29 800.0 million to USD 34 129.4 million in 2012.
“SOFAZ asset management revenues amounted to AZN 544.0 million or USD 693.5 million, yielding 2.2% rate of return in 2012” stated in the report………………………………………..Full Article: Source


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