Azeri oil fund restricts foreign managers’ access to assets

Azeri oil fund restricts foreign managers’ access to assets Azerbaijan’s state oil fund Sofaz has revised its policy of placing assets through foreign managers in 2012. According to the changes, Sofaz may transfer no more than 5 percent of the total cost of its investment portfolio to foreign management whereas in 2011 the maximum amount was 15 percent. The measure is envisaged in the 2012 investment policy approved by President Ilham Aliyev.... Read More