SWFI First Read, November 23, 2015

Agaciro Development Fund to Shift Allocation Toward Local Economy

Agaciro Development Fund, a Rwanda sovereign fund, plans to diversify its investment portfolio into different sectors of the economy – following examples from Angola and Nigeria. Currently, the fund is invested in Treasury bonds and bank deposits. These conservative investments have been yielding the fund an 8% to 12% in interest.

Los Angeles County Employees’ Retirement Association Awards Large Credit Mandate

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