Libya's Dark Shadow On International Sovereign Wealth Funds

The Libyan Investment Authority, the sovereign wealth fund in which Muammar el-Qaddafi’s regime allegedly stashed and misused Libya’s oil wealth, has cast a dark shadow on SWFs all across the world. While no one should infer from the Libyan case that other SWFs are riddled with corruption and conflicts of interest, there are critical issues that are applicable to global corporations and funds.