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Sovereign Wealth Funds Briefing - Categorized | Investment

Russia fund seeks $50 bln from foreign investors

Posted on 08 June 2011

Russia will launch a state-backed fund next week that will seek up to $50 billion in matching investments from sovereign wealth and private equity funds which control a pool of global capital of more than $2 trillion.
The Russian Direct Investment Fund (RDIF), to be rolled out at the June 16-18 St Petersburg International Economic Forum, is Moscow’s most ambitious attempt to raise investment rates that fall far short of those in faster-growing China………………………………………..Full Article: Source


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