This SWF Made $1.6 Billion and Paid Only $6.63 Million in Fees in 2017
Posted on 12/24/2018
The Timor-Leste Petroleum Fund, which ended 2017 with US$ 16.8 billion in assets, paid US$ 6.63 million in external management and custody fees. The fund posted a gain of US$ 1.612 billion in 2017, after expenses. This follows annual income of US$ 648 million in 2016 and a loss of US$ 21 million in 2015. […]
