Wed, Aug 27, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance

Libya sovereign fund suffers big losses

Posted on 26 May 2011

Libya lost billions of dollars on financial products that international institutions sold to Moammar Gadhafi’s sovereign wealth fund, the Financial Times newspaper reported Thursday on its website, citing a confidential Libyan government document.
Societe Generale SA (SCGLA) is among the banks and hedge funds named in about $5 billion in Libyan deals, the report said, adding that the Libyan Investment Authority’s $1.2 billion equity and currency derivatives portfolio suffered a loss of 98.5% percent in its value……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 14633 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031