trending Market Intelligence /marketintelligence/en/news-insights/trending/GCME9rgYaUW_ExChmieXTw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Angola's sovereign wealth fund recovers $3.35B from Quantum Global Investment

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Angola's sovereign wealth fund recovers $3.35B from Quantum Global Investment

Angola has recovered $3.35 billion in assets that were managed by Switzerland-based Quantum Global Wealth Management AG following corruption and conflict of interest allegations at the country's wealth fund, Bloomberg News reported March 23.

Angola's sovereign wealth fund Fundo Soberano de Angola told the newswire that the recovered assets include approximately $2.35 billion of financial assets in banks in the U.K. and Mauritius and $1 billion in real estate stocks. The fund added that Quantum CEO Jean-Claude Bastos de Morais has been released from prison and the charges against him have been dropped.

The Southern African state is seeking to recover assets of as much as $5 billion that have allegedly been misappropriated before President Joao Lourenco came into power, according to the report. Jose Filomeno dos Santos, the fund's former head and son of former President Jose Eduardo Dos Santos, allegedly appointed Quantum to invest and manage the assets despite the company's inexperience and possible conflicts of interest.

Quantum previously said the assets were intact and properly accounted for. The suit made it to the U.K. but in August 2018, London's High Court lifted a freeze order against the asset manager, citing "breaches of the duty of disclosure" in the original application.