The State Oil Fund of Azerbaijan has always feared risk. Now it’s seeking higher yields, branching out into listed securities, real estate, gold and emerging market debt. But is this ultra-cautious fund really ready?
Shahmar Movsumov is a rock star in Azerbaijan. This must be true because he is described as such by his minders, by local businessmen and, most compellingly and personally, by Ell & Nicki, a bouncy Azeri pop duo, winners of the 2011 Eurovision song contest, who also describe him as “pretty cool”………………………………………..Full Article: Source