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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Libya fund’s depleting portfolio may hamper post-war rebuild

Posted on 23 August 2011

The market value of the Libyan Investment Authority’s (LIA) investment portfolio rebounded in the third quarter of 2010, after a 4.5 percent slump in the prior quarter, to $64.19 billion as of Sept. 30, 2010, the fund’s management information report showed. But that is still below a widely quoted figure close to $70 billion.
A sharp drop in asset values after the debt crisis in Europe and a downgrade of the United States’ credit rating is likely to have further thinned the portfolio even though latest figures are not available, analysts say………………………………………Full Article: Source


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