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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Libya puts some of oil wealth into London fund

Posted on 06 August 2010

From Reuters: Libya has put hundreds of millions of dollars into a London asset management firm to turn a profit while training up Libyans to plug the country’s shortage of financial experts, the firm’s chief executive said.
Oil exporter Libya has about $65 billion in its sovereign wealth funds but its investments to date have been modest partly because, after decades of international isolation, it does not have enough people who understand financial markets……………………………………….Full Article: Source

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