23.08.2011 - Libya fund's depleting portfolio may hamper post-war rebuild
The market value of the Libyan Investment Authority's (LIA) investment portfolio rebounded in the third quarter of 2010, after a 4.5 percent slump in the prior quarter, to $64.19 billion as of Sept. 30, 2010, the fund's management information report showed. But that is still below a widely quoted figure close to $70 billion. A sharp drop in asset values after the debt crisis in Europe and a downgrade of the United States' credit rating is likely to have further thinned the portfolio even though latest figures are not available, analysts say.............................................Full Article: Source
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