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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Russia creating $10 bln investment fund

Posted on 08 March 2011

From Ninemsn.com.au: The Russian government is setting up a $US10 billion ($A9.87 billion) joint investment fund with private equity firms in a bid to bring new foreign capital to the country, the Financial Times reported on Monday.
The report follows President Dmitry Medvedev’s commitment last year to create a “special sovereign fund” that could help boost his economic modernisation effort and make Moscow into a global financial centre……………………………………….Full Article: Source

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