PETALING JAYA: 1Malaysia Development Bhd (1MDB) has placed out a total of US$3.8bil (RM12.5bil) in the hands of overseas fund managers, based on the details of its accounts for the financial year ended March 31, 2013.
The fund, which started in 2009 with a capital of RM5bil raised through government guaranteed papers, had first placed a sum of US$2.318bil with a Segregated Portfolio Company (SPC) registered in Cayman Islands on Sept 12, 2012.
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