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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libyan fund eyes new investments with large cash pile

Posted on 13 February 2009

From Reuters: Libya’s sovereign wealth fund controls assets of more than $65 billion but has only up to 23 percent of its available cash funneled into investments, the fund’s chairman said on Thursday.

The Libyan Investment Authority is one of several highly secretive investment funds owned by national governments that have become increasingly active in buying up Western assets, flush with cash from high oil prices in previous years. …. Full Article: Source


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