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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Research

Libya has $32bln in cash in sovereign wealth fund, WikiLeaks reveals

Posted on 25 February 2011

From Thenational.ae: Libya’s secretive sovereign wealth fund has US$32 billion (Dh118bn) in cash with several US banks each managing up to $500 million, and it has primary investments in London, a confidential diplomatic cable shows.
The cable, obtained by WikiLeaks and revealing the details of a meeting in January between the head of the Libyan Investment Authority (LIA) and the US ambassador in Tripoli, comes as the United States and European governments explored the possibility of freezing assets belonging to the Libyan government………………………………………..Full Article: Source


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