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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Harvard MBA running Nigeria wealth fund fears stocks after rally

Posted on 09 September 2013

Uche Orji, the Harvard-trained head of Nigeria’s sovereign wealth fund, said he’s worried about rising stock prices as he prepares to hand over the next tranche of the fund’s $1 billion of holdings to external fund managers.
“A lot of asset classes are richly valued frankly,” Orji, a former Goldman Sachs Inc banker and chief executive officer of the Abuja-based Nigerian Sovereign Investment Authority, said in an Sept. 5 interview. “There’s still a lot I’m not comfortable with in developed market equities. I’m not going to try and be a hero and catch a falling knife with people’s money.”……………………………………….Full Article: Source


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