Baku, November 4, AZERTAC
Delegation led by the Executive Director of Azerbaijan`s State Oil Fund (SOFAZ) Shahmar Movsumov has attended the annual meeting of Co-Investment Round-Table of Sovereign and Pension Funds (CROSAPF) hosted by the Korea Investment Corporation (KIC) in Seoul, Republic of Korea.
During the event participants agreed that 2016 annual meeting will be hosted by SOFAZ in Baku. As the host of the next year annual meeting, Movsumov accepted the symbolic flag and CROSAPF Chairmanship from now ex-chairman Hank, CEO and Chairman of KIC. Following the inaugural ceremony, Movsumov gave the closing speech by conveying his vision of CROSAPF development.
CROSAPF annual summit gathered around 400 investors from top global institutions, ranging from largest Sovereign Wealth and Pension funds to most prominent asset managers. The discussions covered different topics like expected macro-economic headwinds and tailwinds, strategies for effective collaboration between asset owners and managers as well as current market best practices in the co-investment sphere.
CROSAPF is a newly established platform specifically meant for Sovereign Wealth and Pension funds to use for co-investment purposes.