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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Performance

Azerbaijan’s Oil Fund expects to earn $6 bln a year from asset management

Posted on 04 November 2010

From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) expects that in 15 years its annual earnings from assets management will be at the level of its current transfers to the State Budget.
Fund’s executive director Shahmar Movsumov says that with a minimum asset placement profitability of 5% they can reach the level of assets management income of $6 billion a year in 15 years……………………………………….Full Article: Source


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