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

Libya’s wealth fund takes a bath on complex investments

Posted on 27 May 2011

Moammar Gadhafi appears to have learned what many other investors learned at the height of the financial crisis: Watch out for complex products.
Libya’s sovereign wealth fund lost billions last year on products such as currency derivatives and others. An internal report posted on the website of an activist group highlights the bath that the Libyan Investment Authority took by the middle of 2010……………………………………….Full Article: Source


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