11.10.2010 - Malaysia's Khazanah takes a different tack
From WSJ: A $30 billion Malaysian state-owned fund is testing the premise that promoting national interests is compatible with making a profit. Those, in fact, are the twin goals that drive Khazanah Nasional Bhd., the government's investment arm that prides itself on its returns—it says its compound annual growth rate is running around 13% a year, up from 9% at the end of last year—and its ability to seed new industries. "We like to think you can have the best of both worlds," Azman Mokhtar, Khazanah's managing director, said in a rare interview. "Unabashedly," he said, "we go out and want to create jobs."..........................................Full Article: Source
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