Guardian. Lagos. Nigeria. 20.6.11
The Guardian of London many of these African land deals are conducted through Emergent Asset Management, a London-based firm which is run by former currency dealers from JP Morgan and Goldman Sachs. Oakland Institute believes Emergent's clients in the US may have invested up to 0-million – with the assumption that they will make returns as high as 25 percent.
SOME prominent American universities and pension funds, among other wealthy foreign investors, are allegedly purchasing huge tracts of land in Africa — acts that may lead to the eviction of thousands of local farmers, according to a study by the Oakland Institute (Oakland Institute), a California-based think tank.
U.S. educational institutions, including Harvard University, as well as pension funds, are using UK hedge funds and European financial speculators to acquire large agricultural properties thousands of miles away on the African continent.
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