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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Libya sovereign wealth fund may have lost up to $6bln

Posted on 07 September 2011

Libya’s sovereign wealth fund may have lost up to $6 billlion, according to a senior official, who pledged he would look into some of those losses incurred in transactions with international financial institutions, including Goldman Sachs Group Inc. (GS).
Mahmoud Badi was named last month to oversee Libya’s foreign investments, chiefly the Libya Investment Authority, a $65 billion sovereign fund set up under the regime of Col. Mommar Gadhafi’s regime that has since collapsed……………………………………….Full Article: Source


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