The Angola Sovereign Fund
The Angola Sovereign Fund, abbreviated as Fund or FSDEA, is a collective public institution with legal personality and administrative, financial and patrimonial autonomy, created under Presidential Decree No. 48/11, of 9 March.
The FSDEA is an institution specialized in strategic investments, whether in financial markets or in alternative assets, which is responsible for setting up a sustainable mechanism that ensures the maximization of long-term returns, the preservation of capital and support for Angola's sustainable socio-economic growth, through investments in strategic sectors, in Angola or abroad, with a view to maximizing capital and the generational transfer of wealth.
Approach
Support the social and economic development of Angola by generating wealth for the Angolan people.
Mission
Focus the FSDEA’s investments on the creation of sustainable financial returns that favour the Angolan people, economy and industrial sector. Manage a diversified portfolio of investments and be an active partner in this initiative.
How
FSDEA
works
1
Allocation of funds from oil revenues
2
Investments to generate long-term returns
3
Generation of wealth for the people of Angola
Timeline
Santiago Principles
The Angola Sovereign Fund is governed by the Santiago Principles, which are a voluntary set of practices and values developed by the International Working Group of Sovereign Wealth Funds.
The Santiago Principles are intended to promote transparency in relation to institutional frameworks, governance and the functioning of these Funds, leading to a more open and stable investment environment.
1
Help to maintain a stable global financial system and a free flow of capital and investment;
2
Comply with all regulatory and information requirements in the countries where the Fund invests;
3
Invest on the basis of economic and financial risks and return-related considerations;
4
Maintain a sound and transparent governance structure that provides for adequate operational controls, risk management and accountability.
