| Even by its usual standards, the Libyan Investment Authority has undergone a year of upheaval. As if it’s not enough that the fund operates out of a damaged and fractured country with two different governments, the fund itself appeared to split in two this year, with two separate people claiming to be chairman, one in Tripoli and one in Malta.
None of this has helped the fund’s continuing multi-billion dollar litigation against Goldman Sachs and Societe Generale. Meanwhile most of the fund’s at least $67 billion in assets are frozen by the UN. Once central figure in all of this has been AbdulMagid Breish, who was chairman of the LIA, then had to step down while he was investigated for his previous links with the Gaddafi administration, then was cleared of those links by a Libyan court and (he says) reinstated, though the competing LIA in Malta contends that he has not been reinstated at all...............................................Full Article: Source
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