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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Nigeria picks asset managers for wealth fund

Posted on 30 August 2013

Nigeria has appointed three asset managers to run its sovereign wealth fund: Goldman Sachs, UBS and Credit Suisse. The Sovereign Investment Authority (SIA) says these global investment banks were selected after a comprehensive process of review and evaluation of world class candidates.
The account is also known as the Stabilisation Fund — it aims to act as a buffer against short term macroeconomic instability. It holds the country’s oil and mineral profits………………………………………..Full Article: Source


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