New documents reveal the extent of Libya’s investments with some of London and New York’s biggest hedge funds.
The files, obtained by Global Witness, the campaign group, and passed to the Financial Times, detail more than $2bn in hedge fund and hedge fund-linked investments made by the Libyan Investment Authority since international sanctions were lifted in 2003 but before the recent freeze on Libyan investments.
They show the extent to which the LIA became one of the biggest sovereign investors in the hedge fund industry, courting interest from its star figures and allocating to some of its highest-profile names.
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