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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Libya investigates $1.75 bln losses from Goldman Sachs/SocGen

Posted on 26 June 2012

Goldman Sachs is being investigated by the Libyan Sovereign Wealth Fund over huge losses Libya incurred when GS and Societe Generale managed funds on behalf of Muammar Gaddafi.
The Libyan Investment Authority held billions of dollars comprised of oil wealth channeled by Gaddafi into foreign investments. Much of it made its way into the coffers of Goldman Sachs. The losses were staggering………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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