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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Revealed: Where Libya invests $53bln

Posted on 26 May 2011

The location of $53bn (£33bn) of Libyan state assets has been uncovered by the leaking of an internal management document of the Libyan Investment Authority.
The document, leaked to the campaigning group Global Witness, discloses that on 30 June last year $293m of Libyan state money was on deposit in various HSBC accounts and a further $275m was in an HSBC hedge fund, $110m had been invested in private equity funds managed by Royal Bank of Scotland, and $182m was in Goldman Sachs accounts and funds……………………………………….Full Article: Source

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