Libya Backs London Hedge Fund, Report Says

NYT- The Libyan government is pouring hundreds of millions of dollars into a new hedge fund set to open in London this summer, The Independent reported.

The investment in FM Capital Partners, which will be based in the city’s Knightsbridge district, is a move on the part of the North African state to develop a cadre of professionals versed in the ins and outs of the financial services industry, the newspaper said.

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