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, […]
