08.09.2014 - Inside Angola's Sovereign Wealth Fund
Ready to invest. The fund received the last part of its $5 billion endowment in June, and has put the whole lot to work, albeit so far mainly in listed securities (chiefly cash and bonds, but some listed equities too). It is now beginning to invest in alternatives. Target allocation. Dos Santos told me the aim is to put one third of the fund’s assets into liquid securities (a figure that can never drop below 20%), one third into alternative investments in sub-Saharan African, and one third into what he called “opportunistic investments internationally: distressed assets that the fund could take advantage of, spin around and refocus.”..............................................Full Article: Source
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