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Sovereign Wealth Funds Briefing - Categorized | Performance

Libya: State fund nearly empty

Posted on 24 August 2011

Libyan rebels on the verge of bringing Muammar Gaddafi’s regime to an end will probably inherit a depleted investment portfolio in the country’s secretive sovereign wealth fund.
The fund, established in 2006 to manage the country’s oil revenue and with stakes in European blue chips, is seen as crucial to Libya’s post- conflict reconstruction and its future economic development. The market value of the Libyan Investment Authority’s investment portfolio rebounded in the third quarter of last year , after a 4,5% slump in the prior quarter, to $64,19bn as of September 30 last year , the fund’s management information report showed……………………………………….Full Article: Source


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