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Russia Picks Advisers For Wealth Fund
Vladimir Putin has selected sovereign wealth fund and private equity managers as advisers to the new Russian Direct Investment Fund.
Vladimir Putinhas selected sovereign wealth fund and private equity managers as advisers to the newRussian Direct Investment Fund,The Wall Street Journalreports.TPG Capital’s大卫BondermanandBlackstone GroupCEOStevewill meet once or twice a year to advise the fund.
Leaders from theChina Investment Corp Schwarzman.andKuwait Investment Authorityhave also been tapped as advisers. The Russian fund, which will receive $2 billion a year in state money for five years, will invest Russian oil wealth alongside private cash.
Click here for the story fromThe Wall Street Journal.
Click here for the additional coverage fromBloomberg.