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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

SOFAZ to start applying new investment tools since 2012

Posted on 08 December 2011

State Oil Fund of Azerbaijan (SOFAZ) has determined itself with starting period of new investment tools application. SOFAZ’s Executive Director Shahmar Movsumov stated that approval of the Fund’s new investment policy is expected after Head of the State endorses SOFAZ’s budget for 2012.
“We will pass it in our Supervisory Board and then submit for approval to the country President. Starting from next year we will start applying new investment tools,”- Sh. Movsumov said………………………………………..Full Article: Source


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