Fri, Oct 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15018 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031