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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Libya SWF probes $5 bln losses in Africa portfolio

Posted on 28 September 2011

Libya’s sovereign wealth fund, the Libyan Investment Authority (LIA), which is conducting a review of all investments made by the toppled Muammar Gaddafi regime, has uncovered potentially large losses in its $5 billion Africa portfolio, its acting chief executive, Rafik Nayed, said.
Nayed said that its investment operations are on hold while it looks through $65 billion in assets to examine dealings with people tied to Gaddafi………………………………………Full Article: Source


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