Angola's sovereign wealth fund announces its audited results for 2016 – Ventures Africa

On Tuesday, 19th September 2017, Angola’s sovereign wealth fund, Fundo Soberano de Angola (FSDEA), announced its audited results for 2016, which reflects its positive fiscal position and investment activity for the year. “The Fundo Soberano de Angola has achieved financial profitability in less than three years of activity, despite the difficult international investment environment since …

Saudi Arabia creating $2.7B entertainment investment company – Austin American-Statesman

DUBAI, United Arab Emirates Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the deeply conservative kingdom loosens the reins on fun. The kingdom’s Public Investment Fund announced Wednesday it will develop the new company with an initial capitalization of 10 billion riyals ($2.7 billion). Its aim will be to provide investment …

DIFC Wealth & Asset Management Report 2017 Reveals Investment Opportunities – Dubai Chronicle

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has today published the “DIFC Wealth & Asset Management Report 2017: Mapping Opportunities in the MEASA Region” in partnership with Thomson Reuters. The Report explores the latest investment opportunities in the region, while providing a five …

US bank CEOs are likely 'very afraid' of bitcoin, says wealth advisor – CNBC

CEOs of U.S. banks are likely “very afraid” of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly weak store of value, but bank chiefs have another reason to dislike bitcoin, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors. “Of …