28.09.2010 - Azeri Oil Fund to invest in stock indexes in ‘low-yield’ world
From Bloomberg: The State Oil Fund of Azerbaijan, with $20 billion of assets, plans to shed its fixed-income only strategy and start investing in equities to boost returns. “As a long-term investor, being in fixed-income is not going to help so the fund will start moving to riskier asset classes as soon as possible,” Chief Investment Officer Israfil Mammadov, 37, said in an interview at his office in Baku, the nation’s capital. “Most likely we will start with the developed world and passive management, meaning indexes.”.............................................Full Article: Source
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