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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Performance, Trends

Malaysia’s Khazanah takes a different tack

Posted on 11 October 2010

From WSJ: A $30 billion Malaysian state-owned fund is testing the premise that promoting national interests is compatible with making a profit. Those, in fact, are the twin goals that drive Khazanah Nasional Bhd., the government’s investment arm that prides itself on its returns—it says its compound annual growth rate is running around 13% a year, up from 9% at the end of last year—and its ability to seed new industries.

“We like to think you can have the best of both worlds,” Azman Mokhtar, Khazanah’s managing director, said in a rare interview. “Unabashedly,” he said, “we go out and want to create jobs.”……………………………………Full Article: Source


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