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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Libya’s U.N.-backed government appoints panel to run $67 billion wealth fund

Posted on 17 August 2016

Libya’s U.N.-backed government said on Monday it was appointing a five-member caretaker committee to run the country’s $67 billion (52.03 billion pounds) sovereign wealth fund. The Government of National Accord (GNA) said in a statement that the committee should not dispose of Libyan Investment Authority (LIA) assets and should protect the fund’s rights and follow all legal cases it is involved in.
The committee will be led by Ali Mahmoud Hassan Mohamed, the statement said. It did not list either of two competing chairmen of the fund among the committee’s members, and did not say how long the caretaker committee would serve for………………………………………..Full Article: Source


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