Ramshackle Libyan sovereign wealth funds

In the UN security council sanctions resolution through Libya, Libya's Sovereign Wealth funds (Sovereign Wealth Fund) Libya investment agency (LibyaInvestmentAuthority) had the challenge. First is the has 3.27% of the shares which publishing company's (Pearson, the financial times newspaper publishers) refused to pay dividends, and the British government announced in the frozen Libya investment agency $3.2 billion of investment, the United States has previously announced the freeze as much as $30 billion in the property of Libya (part property between Libya and Libya by the central bank has). Once in the capital market scene infinite Libya investment agency has been precarious. In 2006, Libya government put several state-owned investment agency integration into a single Libya investment agency,soccer jerseys the original capital source for Libya's oil revenue, the current management assets estimate that up to 70 billion dollars in the world, 50 sovereign wealth funds in the 14, but the consideration to Libya less than $80 billion GDP, asset scale nearly 90% of GDP, in the country's sovereign-wealth fund is ranked eighth name (the exception is the people/Norway). A part of the national wealth were packed into Libya investment agency the carrier. Data comparison are listed in the table below. Although Libya investment agency declared its investment is based on the commercial principle, but the data have been called into question. The table below is can track the number of investments by sovereign wealth funds, and each of the average investment amount. In the sovereign wealth fund, the most transparent, the most standard is Norway's sovereign wealth funds (government pension funds), it completely take portfolio investment (PortfolioInvestment) strategy, average every investment was only us $12 million, other sovereign wealth funds have to take large equity investment strategies, while large investment easily on the influence by the investor, including Libya investment agency piece investment is 127 million dollars. Other evidence seems to have to "Libya investment agency according to commercial operation principle" view adverse, such as: the chairman of the board of the Libyan investment agency for the prime minister BaghdadiMahmudi (recently according to the report, the real power figure for ever is card of the students study abroad in Austria colonel, deputy CEO MustafaZarti); In early 2008, card colonel had threatened to Libya investment agency from an African countries exiting the investment, the reason is the country's card colonel "strengthen the African union" the proposal is not positive. Libya investment agency and the famous card as colonel mystery, the outside world to its hostels. According to Linaburg-Maduell sovereign wealth fund transparent index (index includes: whether history and equity structure are introduced; the independent audit financial report; the main investment, asset combination of market value, return and management personnel salary, moral and investment style are introduced; the strategy and target; external fund managers, etc), Libya investment agency in global 41 sovereign wealth funds, transparency row 35. The $70 billion in capital disposal only a few people in authority of the hands, Libya investment agency to attract worldwide, the government of three times the business elite, but a lot of people now face trouble. These elite including: roth began family (Rothschildfamily, home should be familiar!) And Britain's Prince Andrew (Prince Andrew ofBritain), former European Union trade commissioner Peter mandelson (PeterMandelson, who was a British business minister, visited China many times), the us private equity company black stone (Blackstone, in home should be well known) chairman and founder of the joint StephenA. Schwarzman, another famous private equity company Carlyle (work in China also has the investment) joint founder David M.R ubenstein (2008 Forbes list of the richest americans 155th), and recently resigned in the London School of economics (London School ofEconomics), and the financial supervision bureau first chairman Howard Davies. Libya investment agency portfolio is not known to the outside world, if the reference with pan-arab is within the scope of the united Arab emirates and Kuwait sovereign wealth fund asset combination of the regional distribution, see table 1: Libya investment agency $70 billion of assets, the most will have 42 billion-$60.2 billion of assets by the United States and European authorities freeze.MLB hats Of course, it is reported, Libya investment agency most of the assets are stuck colonel hid in the domestic. However, once scene infinite sovereign wealth fund--Libya investment agency seems to have the crumbling. If subsequent ownership structure change, and how will?

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