Angola SWF joins London-based international forum
Kazakh fund granted associate membership
Angola's sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), has become a member of the International Forum of Sovereign Wealth Funds (IFSWF), the international body for sovereign investors, which relocated from Washington, DC, to London last month.
The FSDEA has endorsed the IFSWF's voluntary code of conduct, the Santiago Principles, the forum said. FSDEA was established in 2012 with a seed capital of $5 billion, and a mandate to invest Angolan surplus revenues from hydrocarbons "to
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