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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Trends

Big chunks of Gaddafi’s stash of oil wealth went into Italy — And bad investments

Posted on 30 May 2011

An overview of the Libyan sovereign wealth fund’s bad moves, including investments in some of Italy’s top firms such as energy giant ENI and industrialist Finmeccanica. The real mystery of Libya’s oil treasure seems to be how much of it has been squandered by disastrous investments.
The anti-corruption organization Global Witness has published on its website a detailed report, originally dated June 30 2010, about the troubled investments of Libya’s sovereign wealth fund, the Libyan Investment Authority (LIA)……………………………………….Full Article: Source


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