| 29.01.2009 - Azerbaijan SWF looks at U.S. stocks, scolds managers |
| From Reuters: Oil-rich Azerbaijan may start buying up shares in U.S. companies with cash from its $11 billion rainy day oil fund, the director of the sovereign wealth fund said on Wednesday. Shakhmar Movsumov, head of the oil fund, said Azerbaijan was unhappy about 4.2 percent average annual returns in the last three years on the $120 million part of the portfolio managed by foreign asset managers and was now looking into private equity..... Full Article: Source |