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Sovereign Wealth Funds Briefing - Categorized | Market

Goldman and Gaddafi

Posted on 15 June 2011

Investment bank Goldman Sachs’ murky dealings with Libyan dictator Colonel Gaddafi are gradually emerging. The Libyan Investment Authority had given Goldman Sachs £790 million to make complicated currency bets and other derivative investments in the US financial markets.

But the bankers managed to lose 98 percent of the Libyan money when those bets went spectacularly wrong……………………………………….Full Article: Source


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