Angola Says It Recovers $3.35 Billion of Assets From Quantum

Angola said its sovereign wealth fund recovered $3.35 billion of assets that were under the management of Quantum Global Investment Management AG, bringing the scandal of alleged corruption and conflict of interest at the state-run investor nearer to a close.

Fundo Soberano de Angola now has control of “all financial and non-financial” assets, the state prosecutor’s office said in an emailed statement. It included about $2.35 billion of financial assets held in U.K. and Mauritius banks, and $1 billion of real estate holdings in hotels, gold mines, farms and resorts in the country and abroad, it said.