"We are not interested in taking management control," Cabraal told the newspaper. "What we are interested is in good management, good returns and good capital gains."
The newspaper said Cabraal declined to reveal how much of state-controlled funds will be invested in quoted equities saying that this was sensitive information.
But he indicated that these funds will be "building a portfolio of strategic investments", the Sunday Island said. "There’s been a lot of talk over the years of state-controlled funds investing in equities but nothing very much has happened," the Sunday Island newspaper quoted Cabraal as saying.
"With prospects for investment in Treasury instruments (bills and bonds) falling in the next two or three years, that’s going to change."
Cabraal said state sector retirement funds like the Employees P