Khazanah to open in Istanbul and San Francisco
Sources say the Malaysian sovereign fund wants to boost its exposure to Turkey and to US tech companies, reflecting a growing trend for Asian state investors to put offices overseas.
Malaysia’s sovereign wealth fund, Khazanah Nasional, is setting up its first two offices outside Asia – in Turkey's Istanbul and San Francisco in the US – as it moves to expand its foreign portfolio.
The $40 billion fund, which has branches in Beijing and Mumbai as well as Kuala Lumpur, has been building its exposure in emerging markets. It already has interests in Turkey, a country widely viewed as offering strong investment potential, despite recent political turmoil.
And the …
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