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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Nigeria picks Goldman, Credit Suisse, UBS for wealth fund

Posted on 29 August 2013

Nigeria’s sovereign wealth fund on Wednesday appointed Goldman Sachs , UBS and Credit Suisse as asset managers for the 20 percent portion of its $1 billion fund that is meant to cushion against oil price shocks, it said.
The sovereign wealth fund (SWF) seeks to help Nigeria better manage its oft squandered oil windfall, with a threefold aim of putting money aside for infrastructure investment, providing a savings pot for future generations and lastly protecting against commodity price shocks - the so-called stabilization fund………………………………………..Full Article: Source


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