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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

State Oil Fund of the Azerbaijan to hire subspeciality managers

Posted on 28 January 2010

From Abc.az: The State Oil Fund of the Azerbaijan Republic (SOFAZ), intends to take care of premises for its staff members. “Quantity of Fund’s employees grows constantly. In the future SOFAZ revenues will total $40-50 bn and already now we should prepare to run such sums. In the future we are going to buy shares promising large earnings and simultaneously great risks.

That is why the Fund needs subspeciality employees and its departments are going to expand. Besides, the construction of a building for SOFAZ will take another one or two years,” SOFAZ executive director Shahmar Movsumov said………………………………..Full Article: Source

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