Nigeria’s Sovereign Investment Authority reaps rewards of dollar strategy

Image Credit: NSIA

Nigeria’s $1.55 billion Sovereign Wealth Fund’s private equity investments were very successful in 2014, according to the Nigerian Sovereign Investment Authority’s CEO, Uche Orji. The fund overall had a “good year”, he told Bloomberg, having weighted its portfolio of equities, private equity and fixed-income investments towards dollar assets.  He declined to be more specific about the fund’s private equity asset performance prior to the release of the fund’s annual report in the coming weeks.

Read more at Bloomberg…

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