16.02.2012 - Azerbaijan State Oil Fund announces drawing of foreign managers to run 5% more of its assets

The State Oil Fund of Azerbaijan (SOFAZ) has announced the attraction of foreign managers to run another 5% of its assets. SOFAZ reports that its investment policy for 2012 allows investing up to 5% of Fund’s investment portfolio in stocks. "At primary stage organization and management of investments in shares will be carried out by foreign managers," the SOFAZ says...............................................Full Article: Source

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