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Malaysia's Khazanah logs record profit, powered by divestment gains

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Malaysian sovereign wealth fund Khazanah Nasional Bhd swung to a record profit last year, booking a huge jump in gains from divestments as it aggressively shrunk its portfolio to raise funds for a debt-laden government.

[KUALA LUMPUR] Malaysian sovereign wealth fund Khazanah Nasional Bhd swung to a record profit last year, booking a huge jump in gains from divestments as it aggressively shrunk its portfolio to raise funds for a debt-laden government.

Khazanah did not disclose details of its divestments....

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