| The people who run sovereign wealth funds are bound to be more than a little interested in what happens to the Libyan Investment Authority. The LIA, Libya’s sovereign wealth fund worth up to $70 billion, has had its assets frozen across the developed world. The U.S., the European Union and other countries have taken various measures to ensure the Gadhafi family doesn’t get its hands on the money.
It was easy paint-by-numbers decision making. Libya is in the midst of a popular revolution against a tyrant. Said tyrant was unusually closely linked to what was in theory a national asset pool..............................................Full Article: Source
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