A SOFAZ SUCCESS STORY

摘要

The State Oil Fund of Azerbaijan (Sofaz) inspires both national pride and foreign admiration. Its well-managed hoard of foreign assets grew 11.6% in the year to June 30,2019, to reach $42.46bn - equivalent to three-quarters of Azerbaijan's gross domestic product. In two decades of operation, assets under management have increased 157-fold, making Sofaz the 28th largest sovereign wealth fund.