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

Russia’s Medvedev says govt to quit sovereign investment fund in 7-8 years

Posted on 31 March 2011

The Russian government should ditch its sovereign fund, which it is creating to lure foreign direct investment, in seven to eight years, President Dmitry Medvedev said on Wednesday.

“The state must not take part in the management of such a fund and must necessarily guarantee withdrawal from the company’s capital in about seven or eight years… The fund will be managed by a team of investment market professionals,” Medvedev said………………………………………Full Article: Source


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