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LIA Accuses Firms Over Losses

Various finance groups have been accused for losses suffered by the $65 billion Libyan Investment Authority.

    Various finance groups have been accused for losses suffered by the $65 billionLibyan Investment Authority(LIA),金融时报》reports. The LIA slammed a $300 million investment withBNP Paribasthat lost nearly 25% of its value, while generating fees of $18 million for the bank.

    Another transaction involved a $200 million venture withCredit Suissethat declined almost 30%, while generating $7.6 million of charges. Another LIA transaction involved a $300 million investment withPermaland the same amount withPalladyne Asset Management.

    Click here for the story from金融时报》.

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