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Development of Economic and Social Initiatives through the Angola SWF...

INTRODUCTORY WORDS   Excellencies, distinguished speakers, panelists, ladies and...

FSDEA participates in the 10th edition of the International Forum of...

Marrakesh, Morocco, September 18 - 21, 2018. The 10th edition of the International Forum of...

Sovereign Fund takes action to preserve assets allegedly diverted

The source noted that the fund has appealed to a court in the UK to ensure the preservation of...

Angola: Sovereign Fund will remove Quantum Global from asset management

According to a FSDEA press release sent to ANGOP in this regard and based on expert inquiries conducted by specialized international consultants, FSDEA is doing everything so that Quantum Global will be 'removed' from the condition of managing its assets. The Sovereign Fund of Angola (FSDEA) notes the speculation that led to its decision to waive the investment management services provided by Quantum Global and the announcements issued by that organization. The purpose of the fund's creation; as stated on the press release; was to invest in Angola's oil revenues for the future of the Angolan people and establish a legacy beyond oil production, as would any country and government responsible. 'We therefore have great concerns about how Quantum Global invests its resources, as we believe that this investment management is not fully in line with the principles that this sovereign fund was created, nor with the Santiago Principles, which FSDEA the subscribes', reads the document. These concerns of FSDEA are further reinforced by revelations about Quantum as part of the investigations known as Paradise Papers and the criminal charges of the Swiss authorities against Mr. Jean Claude Bastos, founder of Quantum Global.

Angola wants control of financial management – The Angolan...

Speaking to Angop at the 4 de Fevereiro International Airport, the President of the Board...

Delegation of the Sovereign Fund on their way to Mauritius

The delegation is headed by the chairman of its Board of Directors, Carlos Alberto Lopes. The...
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