Secret investments by Khazanah come under Malaysian govt scrutiny

Like other sovereign wealth funds across the world, Khazanah is generally selective about how it reports its investments.
Like other sovereign wealth funds across the world, Khazanah is generally selective about how it reports its investments. PHOTO: THE STAR/ASIA NEWS NETWORK

State fund's $1b deal to acquire UBS stake crashed following Lehman collapse in 2008

In mid-2008, Malaysia's sovereign wealth fund Khazanah Nasional embarked on a highly confidential investment strategy code-named Operation Twist.

It involved the diversification of its investment portfolio into Europe by placing some money with battle-hardened banker Luqman Arnold.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Sunday Times on July 29, 2018, with the headline 'Secret investments by Khazanah come under govt scrutiny'. Print Edition | Subscribe