Tag Archives | Societe Generale

Libya Selling Off BNP Paribas, Societe Generale

Bloomberg reports that Libya’s Economic and Social Development Fund is withdrawing investments from French banks including BNP Paribas and Societe Generale (SocGen) as it shifts attention to its home market. At a conference in Dubai today, fund chairman Mahmoud Badi said the state-held fund, which has $12 billion in assets, had about $10 billion invested […]

LIA Claws Back Sovereign Assets

Libya Herald reports that, almost one year after the fall of Tripoli, the Libyan Investment Authority (LIA), Libya’s sovereign-wealth fund, is still working to recover assets frozen during the revolution. The LIA is now also said to be investigating losses that have come to light, including $1.95bn related to investments made with Goldman Sachs and […]

Libya eyes refund of Goldman, SocGen losses

The Libyan sovereign wealth fund is investigating investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale  to see whether it can claim compensation, the fund’s chairman said on Wednesday. Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), told reporters in Milan that the LIA needed to review these […]