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Sovereign Wealth Funds Briefing - Categorized | People

President’s son dips into sovereign fund for ‘trophy’ Savile Row office

Posted on 15 November 2013

The son of Angolan President José Eduardo dos Santos is again at the centre of controversy following reports that the Angolan Sovereign Wealth Fund he effectively controls has invested R3-billion in a “trophy” property in London’s Mayfair district.
Africa Confidential reported that the fund, chaired by the president’s son José Filomeno, had spent £220-million on an office complex in the exclusive Savile Row. The fund was officially set up by Dos Santos in October last year using Angola’s oil revenues, with the stated purpose of investing in the country’s infrastructure and accumulating savings for future generations……………………………………….Full Article: Source


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