| Sovereign wealth funds across the globe are looking for ways to diversify their risks by expanding investments beyond traditional asset classes. In the last decade, the state oil fund SOFAZ -- an entity that accumulates and manages Azerbaijan's oil and gas revenues -- has been growing rapidly both in terms of the size of assets under management and its investment structure.
Thus, the Fund as a long-term investor is seeking stability of its real estate investments and thus aims to invest in assets in developed markets with long-term profitability. It plans property acquisitions in prime business districts of major cities around the world...............................................Full Article: Source
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