Union Bank of Switzerland - popular foreign assets controller for SOFAR

Assets of the State Oil Fund of Azerbaijan to January 1, 2014 amounted to 28,307,456,000 manats (5.3 % per year) in total revenues since 2001, $ 101 billion, or 79.25 billion manats at the current rate.

According to last year's financial statements of SOFAR confirmed by the international accounting firm PWC, the current fund assets increased 4.1% - up to 27 billion 85.89 million manat, long-term assets - 39.3% - up to 1,221,566,000 manats. In the structure of long-term assets investment in the joint venture was 168 966 000 manats, and all this was invested in 2013.

SOFAR liabilities in the reporting year increased 65.7% - up to 7 billion 882 million manats. SOFAR capital increased 5.2 % - up to 28,299,574,000 manats , including capital expenditures increased 3.2% - up to 27,794,666,000 manats.

According to financial reports, operating income of the State Oil Fund in 2013 amounted to 556.336 million manat, of which the majority (88.3%) accounted for interest and other investment income - 491 118 000 manats.

The volume of SOFAR assets under management for foreign managers in the reporting period amounted to $ 1 billion, 106 million (3.11 % of assets). The previous year (as of 1 January 2013), the figure was $ 994,882,000, an increase of 11.2%.

The most popular foreign manager of the assets of SOFAR is UBS (Union Bank of Switzerland) with $ 395 million or 1.11% of the Fund assets. The State Street Global Advisors (SSGA) manages almost as much - $ 393 million (1.1 % of the assets).

In the third place is the World Bank - $ 220 million or 0.62 % of the SOFAR assets; DB Advisors (division of Deutsche Bank Asset Management) manages $ 98 million (0.28 % of the assets).

Total assets of SOFAR on January 1, 2014 were about $ 35.9 billion. - 17D-