| The sovereign wealth fund of Angola, Africa’s second-largest crude oil producer, is investing in infrastructure projects and hotels for high yields shielded from volatility, Chairman Jose Filomeno dos Santos said.
The $4.95 billion fund, managed by Zug, Switzerland-based Quantum Global Investment Management Ltd., is placing $1.1 billion with a fund that invests in equities tied to energy, transport and industrial developments across sub-Saharan Africa, dos Santos, son of Angola President Jose Eduardo dos Santos, said in an e-mailed statement today. The fund is investing $500 million in a separate hotel fund for Africa to train staff, he said...............................................Full Article: Source
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