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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Sovereign funds take tentative steps in Russia

Posted on 22 June 2012

Vladimir PutinMajor private equity and sovereign wealth funds on Thursday took tentative first steps to invest in Russia, praising efforts to break the economy’s fixation on energy and become a more diversified, open and less risky place to invest.
At a forum used by President Vladimir Putin to court foreign capital, sovereign wealth fund the Kuwait Investment Authority said it struck a $500 million deal to invest alongside the $10 billion state-backed Russian Direct Investment Fund (RDIF)………………………………………..Full Article: Source


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