Libya Investment Authority Wants Refund from Goldman Sachs and SocGen

Posted on 06/20/2012

Sovereign wealth funds can survive financial catastrophes and now political revolutions. The Libya Investment Authority (LIA) trusted a large portion of its assets to global investment houses. The LIA lost US$ 1.75 billion in structured product investments managed by Goldman Sachs and Societe Generale according to Mohsen Derregia, chairman of the Libyan Investment Authority. Globally, […]

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