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

Gaddafis’ hidden billions: Dubai banks, plush London pads and Italian water

Posted on 23 February 2011

From Guardian: Libya’s oil wealth has been siphoned out of the country by a powerful elite – including Gaddafi and his nine children. Most of the state’s investments are made by the Libyan Investment Authority (LIA), a “sovereign wealth fund” set up in 2006 to spend the country’s oil money, which has an estimated $70bn of assets.
LIA bought 3% of Pearson last year for £224m, making it one of the group’s biggest shareholders, and had a 0.02% stake in RBS, although this was recently sold………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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