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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

Libyan wealth fund has up to 23 pct of cash invested

Posted on 16 February 2009

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

Speaking to reporters after a dinner in Rome on Thursday, Libyan Investment Authority Chairman Abdulhafid Zlitni said the fund had less than 10 percent of its portfolio invested in Italy — where it has bought stakes in oil company Eni and UniCredit….. Full Article: Source


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