Libya lost €1.75bn on Goldman and SocGen products

Libya's sovereign wealth fund's latest update shows that the Libyan fund lost $1.75bn in investments, managed by Goldman Sachs and Société Générale. The news follows last year's reports of Libya's sovereign wealth fund losing as much as $300m in failed Lehman-backed structured products. Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), told reporters in Milan that the LIA needed to review these investments and how they were managed as the country's sovereign wealth fund lost