Giant petro-dollar fund targets assets AZERBAIJAN'S $US34 billion ($33bn) sovereign wealth fund plans to buy commercial real estate in Australia as part of a strategy to grow its global property assets. "We plan to travel to Australia in order to meet with the leading market participants, including regulators, developers, asset owners, and overseas investors to gain deeper understanding of the market," said the State Oil Fund of the Republic of Azerbaijan, or Sofaz, in an emailed response to questions from The Wall Street Journal. This trip is planned to take place during the course of this year.