Investing

State Oil Fund of Azerbaijan to Buy Australian Real Estate

The State Oil Fund of Azerbaijan (SOFAZ) $34 billion sovereign-wealth fund plans to buy commercial real estate in Australia in bid to increase its assets in the continent, according to reports.

Swiss Banks to Hold Extra Capital to Cover Mortgage Risks

The Government of Switzerland has made it mandatory for all the banks of the country to hold extra capital to cover the risk of mortgage loan default. The decision comes in the wake of fears of an emerging housing bubble in the country.

Norway’s Oil Fund Investing in First U.S. real estate

The Norwegian oil fund, the world's largest sovereign-wealth fund, bought $600 million real estate in New York, Washington and Boston, with 49.9 percent of the properties on a joint venture with TIAA-CREF, the retirement account for non-profit institutions, reported Bloomberg.
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