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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah expects to boost value of assets amid global recovery

Posted on 15 January 2010

From Businessweek.com: Khazanah Malaysia Bhd., the nation’s state investment agency, is “cautiously optimistic” its asset value will increase as global financial markets recover from the worst crisis since World War II.

Khazanah, which owns stakes in Malaysia’s biggest companies including CIMB Group Holdings Bhd., Tenaga Nasional Bhd. and Malaysian Airline System Bhd., said the net worth of its investments climbed 63 percent to 54.1 billion ringgit ($16 billion) at the end of 2009 from a year earlier…………………………………Full Article: Source

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