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Sovereign Wealth Funds Briefing - Categorized | Market

Libya Backs London hedge fund

Posted on 17 June 2010

From Independent: The Libyan government is pouring hundreds of millions of dollars into a new hedge fund set to open in London. As well as managing money on behalf of funds linked to the Libyan government, it will also offer a training scheme for professionals from the north African state’s nascent finance industry and sovereign wealth funds.
The investment in FM Capital Partners, which will be based in the city’s Knightsbridge district, is a move on the part of the North African state to develop a cadre of professionals versed in the ins and outs of the financial services industry, the newspaper said……………………………………………Full Article: Source

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