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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment, Market

Libya’s billions invested in U.S. private equity, big banks

Posted on 02 March 2011

From Huffingtonpost.com: The oil-rich country’s sovereign wealth fund, the Libyan Investment Authority, controls at least $70 billion in fixed assets and reserves.
It has invested the bulk of its money in European banks and businesses, including Dutch-Belgian bank Fortis, Italian bank Unicredit, the Pearson publishing empire, Italian defense firm Finmeccanica SpA, an oil-production sharing agreement with BP and even a slice of the Italian soccer team Juventus…………………………………….Full Article: Source

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