Asset Owner Directory

State Oil Fund of Azerbaijan(SOFAZ)

The State Oil Fund of the Republic of Azerbaijan (SOFAZ), established in December 1999 by the Presidential Decree is a sovereign wealth fund of Azerbaijan, which accumulates and preserves the nation’s oil and gas revenues for future generations. SOFAZ is structured as an extra-budgetary fund and functions as a legal entity separate from the government or central bank.



AUM ($B)




Chief Executive

Israfil Mammadov

Chief Investment Officer

Frank Juliano


Ali Asadov

Asset allocation

61.8% Fixed Income and Money Market Instruments

19% Equities

6.1% Real Estate

13.1% Gold

Asset Owner Directory