Russia's SWF eyes more tie-ups with Singapore investors
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Lee U-Wen
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Singapore
ONE could well describe the Russian Direct Investment Fund (RDIF) as a sort of sovereign wealth fund (SWF) in reverse.
While many SWFs around the world invest abroad primarily, the raison d'etre of the six-year-old RDIF is to attract foreign capital to invest in Russian projects, with the aim of lowering the risk for foreign funds as they are partnering with the state.
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