02.03.2015 - Angolan sovereign wealth fund seeks mine, timber investments
Angola's $5 billion sovereign wealth fund, Fundo Soberano de Angola, is seeking investments in mining, timber, health and agriculture in order to diversify its asset base and increase returns. “A large portion of the portfolio is invested in international securities,” Jose Filomeno dos Santos, the fund's chairman, said in an interview with Bloomberg Television on Thursday. “We are looking at several opportunities. We wouldn't want to give away these opportunities by disclosing what they are before they are completely settled.” The fund, which is managed by Quantum Global Investment Management, was established to invest surplus state funds and promote development in the country. It has allocated $1.1 billion toward investing in toll roads, ports and other infrastructure projects and $500 million toward hotels. It also plans to spend about $250 million on agriculture projects...............................................Full Article: Source
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