01.10.2015 - Fundo Soberano de Angola announced 2014 results
The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, has announced the audited results for 2014, reflecting the Fund’s fiscal position and investment activity for the year. Deloitte & Touche independently audited the financial statements of the sovereign wealth fund for the second consecutive year. The financial statements of the FSDEA show total assets of $4.88 billion as of 31 December 2014. Highlights of the investment portfolio of FSDEA at the end of the period are as follows: Fixed Income Assets were $2.7 billion representing 56 per cent of the investment portfolio; Investment funds in private equity, for infrastructure and hotels, accounted for $1.6 billion, equivalent to 34 per cent of the investment portfolio; 37 per cent of the investment portfolio was allocated in Europe, 34 per cent in Sub Saharan Africa, 18 per cent in North America and 11 per cent in the rest of the world...............................................Full Article: Source