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Sovereign Wealth Funds Briefing - Categorized | Investment

SOFAZ considers all risks while investing abroad

Posted on 28 November 2014

Azerbaijan’s state oil fund SOFAZ takes into account all possible risks while planning to invest in various financial instruments abroad, in particular in the Russian market which is going through a difficult period. SOFAZ made the statements commenting on the possible impact of the progressive devaluation of the Russian ruble and the stock market decline on the fund’s revenues from assets management in Russia during the third quarter, Trend Agency said.
SOFAZ owns a real estate in Russia, and is one of the shareholders of VTB Bank. As part of its new investment policy, pursued since 2012, SOFAZ purchased Gallery Actor, a mixed-use office and retail complex located on Pushkin Square in Moscow for $133 million…………………………………..Full Article: Source


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