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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

1MDB to focus on monetising its assets

Posted on 02 October 2015

Strategic investment fund 1Malaysia Development Bhd (1MDB) will focus on monetising its assets and delivering value directly to its shareholders, said its president and group executive director Arul Kanda Kandasamy in an exclusive interview with the BBC.
Speaking to BBC’s Asia business correspondent Karishma Vaswani, Arul made it clear that the sovereign wealth fund would not be entangled in a war of words with “politicians and former politicians”, despite the negative public perception cast on it. “Perceptions, I agree, are poor. And a lot of effort needs to be made to fix that………………………………………..Full Article: Source


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