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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Libya’s sovereign wealth fund to sue Goldman over $1bln trades

Posted on 31 January 2014

Libya’s sovereign wealth fund has taken formal legal action in London against Goldman Sachs over allegations that the investment bank “exploited” the fund’s limited financial experience, forcing it into risky and ultimately lossmaking investments.
The claim, made in legal papers submitted by the Libyan Investment Authority on Thursday, rests on disputed equity derivatives trades amounting to in excess of $1bn………………………………………..Full Article: Source


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