09.09.2013 - Harvard MBA running Nigeria wealth fund fears stocks after rally
Uche Orji, the Harvard-trained head of Nigeriaís sovereign wealth fund, said heís worried about rising stock prices as he prepares to hand over the next tranche of the fundís $1 billion of holdings to external fund managers. ďA lot of asset classes are richly valued frankly,Ē Orji, a former Goldman Sachs Inc banker and chief executive officer of the Abuja-based Nigerian Sovereign Investment Authority, said in an Sept. 5 interview. ďThereís still a lot Iím not comfortable with in developed market equities. Iím not going to try and be a hero and catch a falling knife with peopleís money.Ē..............................................Full Article: Source
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