Real estate topped the list of sovereign wealth funds’ investments last year, overtaking commodities and financial services, according to Institutional Investor’s Sovereign Wealth Center.
Properties made up 26 percent of investments by these funds last year, up from 14 percent in 2011, according to the center’s report on investment trends by the funds released today. That’s followed by financial services and commodities, each accounting for 23 percent, down from about 30 percent a year earlier, it said………………………………………..Full Article: Source

In 1990, the precursor of the Government Pension Fund – Global (GPFG), a sovereign wealth fund, was established for surplus oil revenues. Today the GPFG is worth more than $700-billion.
While there’s no question that Norway has done well from its oil and gas, unlike many resource-based nations, Norway has invested its petro dollars in such a way as to create and sustain other industries where it is also globally competitive………………………………………..Full Article: Source

Founded just seven years ago, Australia’s Future Fund has quickly become one of the world’s most innovative sovereign wealth funds. Led by CIO David Neal and a team of more than 40 investment experts, the Future Fund’s total-portfolio approach to managing money resembles that of a multistrategy hedge fund or a sophisticated endowment.
Determined to make full use of the freedom he’d been given, Neal set out to design an innovative investment strategy. Having observed a range of structural pitfalls among mature pension funds - namely, a tendency to overengineer their portfolios and become rigid in their asset allocations - he aimed to find a smarter way of running long-term money……………………………………Full Article: Source

Severn Trent (SVT) has rejected an initial offer for its shares following a meeting with the consortium including a Kuwaiti sovereign wealth fund and Canadian pension fund as it “completely fails” to recognise the value of the water utility.
The deal only serves to highlight once more the attractiveness to overseas investors of UK utility companies, with their inflation-linked revenue streams and record low costs of debt on large national infrastructure asset bases……………………………………Full Article: Source

Tu Guangshao will be nominated as the chairman of China Investment Corporation (CIC), China’s $410 billion sovereign wealth fund, according to local media reports.
The appointment, which a Shanghai-based source says has been confirmed, comes two months after former CIC chairman Lou Jiwei became minister of finance, and follows a reshuffle of senior financial figures as part of the transition to the new Communist party leadership under president Xi Jinping………………………………………..Full Article: Source

Some of the world’s largest sovereign wealth funds (SWFs) are adding staff and bolstering internal infrastructure to boost their direct investing power, a report this month has claimed.
Middle Eastern SWFs have been bringing in internal investment and operational staff “to increase their capacity to evaluate direct investment and co-investment opportunities,” a report by consultants and auditors KPMG said. The authors added that the economic environment over the past couple of years had helped these gargantuan investors: “Ironically the fact that these people are available is for some part down to the global financial crisis.”……………………………………….Full Article: Source

KPMG announced the publication of a report on the Sovereign Wealth Funds in the Middle East. The report represents a collection of articles prepared by KPMG specialists throughout the Middle East and provides insight into the recent trends and developments in SWF investment strategies specifically in the UAE, Qatar and Kuwait. The report also looks at the evolution of SWFs in the Middle East as the region looks to reduce its dependence on energy resources.
Vikas Papriwal, Head of SWFs and Private Equity said “It is clear that the global challenges of the last three years have forced organizations around the world, including SWFs, to evolve. While the investment objectives in the region have certainly changed, including geographical and sector focus, diversification remains a key and common objective for Middle Eastern SWFs as countries in the region seek to reduce their reliance on energy, and oil and gas prices.” (Press Release)

Billions of pounds of investments in major UK infrastructure projects are at risk because of a rift in relations with the Chinese government.
The Daily Telegraph understands that China’s sovereign wealth fund will not be able to invest in long-term British projects until a solution to the diplomatic stand-off, caused by David Cameron’s meeting with the Dalai Lama last year, has been reached………………………………………..Full Article: Source

Sovereign wealth funds will be a major LP group in 20 years’ time, according to a panel at the Guernsey Funds Forum 2013. “Over the next two decades, we will see the vast sums of money in the Asian markets come into the western markets, and certainly into private equity,” said Eric Warner, head of investor relations at Altius Associates.
“Speculation is high that the sovereign wealth fund of Japan is looking into private equity. And to put that in context, the fund size is $1.14trn.”……………………………………….Full Article: Source

The Norwegian Pension Fund Global faces “considerable challenges” in maintaining its high investment returns in the current market environment, the chief executive of Norges Bank Investment Management (NBIM) has warned.
Yngve Slyngstad also told the parliamentary standing committee on finance and economic affairs that the NOK4.1trn (€558bn) fund was always at risk of large losses over a longer period, noting that it could have incurred a 30% loss had its current investment strategy been in place during the worst year of performance witnessed in the last century………………………………………..Full Article: Source

The Omani sovereign wealth fund is boosting investment in tourism, mining and fisheries and reducing the proportion of its assets overseas as part of plans to soothe social discontent after protests two years ago.
The fund is seeking to have 70 percent of its assets in Oman and 30 percent in other emerging markets, compared with a current balance of 50-50, Chief Executive Officer Hassan Al- Nabhani said yesterday in an interview in Dubai, declining to give the value of the fund. It’s also looking at opportunities in India’s manufacturing industries, he said………………………………………..Full Article: Source

The Qatar Investment Authority, a sovereign wealth fund, has big stakes in Agricultural Bank of China Ltd., Barclays Plc, Credit Suisse Group AG and Tiffany & Co. It owns London department store Harrods outright.
As Qatar’s government has spread its financial wings, the country’s biggest financial institution, Qatar National Bank, has been at its side. Under Ali Shareef Al Emadi, its chief executive officer since 2005, QNB has become the largest lender in the Middle East and one of the most profitable. Even as the bank has expanded, Al Emadi has maintained QNB’S capital base and aversion to risk………………………………………..Full Article: Source

Diversified holding company PT Multipolar (MLPL), the owner of Hypermart and Matahari Department Stores, looks set to forge further partnerships with Singaporean investment firm Temasek Holding Ltd. to expand its business.
According to Multipolar director Reynold Pena Ong, the two sides have the possibility to conduct projects in other sectors, including property. “Temasek is interested in venturing into other fields, but everything is still at a preliminary stage. We are looking at many sectors, one of which is property,” he said in Jakarta on Wednesday………………………………………..Full Article: Source

Norway’s sovereign wealth fund is looking into selling off shares in oil firms that work in Equatorial Guinea, where oil revenue does nothing to relieve abject poverty, the fund’s ethics council said, a list that includes Exxon Mobil.
The Norwegian Pension Fund Global was Exxon Mobil’s tenth-largest shareholder at end-2012 with some 16 billion crowns ($2.7 billion) worth of shares, or a stake of 0.81 percent. The fund, whose investments totalled $725 billion on Wednesday, invests Norway’s revenues from oil and gas production for future generations. Exxon Mobil was its tenth-largest equity holding at end-2012, according to its annual report………………………………………..Full Article: Source

What was revealed by PKR director of strategy Rafizi Ramli was alarming - the 1MDB had raised RM5 billion through government-guaranteed bonds for several investment ventures which were not clearly identified.According to Rafizi, 1MDB had raised the bonds for several investment ventures, for example Petro Saudi International (PSI), whose activities and origins he alleged were “dubious”.
When we raise loans of this size, we should have clear and definite investment plans, after feasibility studies concluded, on how to use the money………………………………………..Full Article: Source

The Sovereign Wealth Fund (SWF) has been discussed several times in the past is now back on the table because government officials believe that India as a sovereign should acquire assets abroad especially in coal, oil and gold space. It is expected that a meeting later this week will be held between the Prime Minister, the National Security Advisor and officials of the finance ministry.
However, with wide current account deficit (CAD), forex reserve is a problem, so the the finance ministry is contemplating an option whereby forex reserves will not be used for the Sovereign Wealth Fund, on the other hand the fund can go ahead and raise its own capital with some amount of seed money………………………………………..Full Article: Source

The new head of the International Finance Corporation, the World Bank’s private sector arm, has pledged to redouble the institution’s focus on infrastructure financing – including by bringing sovereign wealth funds directly into transactions – to help combat what he sees as an acute shortage of bankable deals in Latin America and other emerging markets.

Jin-Yong Cai, who took over as CEO in October, said that the multilateral was in advanced talks with sovereign wealth funds (SWFs) to co-invest in infrastructure and other projects – a development that would advance existing cooperation between the IFC and the state investors………………………………………..Full Article: Source

China’s banking system remains safe and sound despite growing concerns over shadow banking, according to a senior executive of China Investment Corporation (CIC), the country’s sovereign wealth fund that manages US$200 billion of its foreign exchange.
“As long as the economy sustains its healthy growth and macro policy remains consistent, we can solve some of these banking issues,” says Jin Liqun, chairman of the firm’s board of supervisors, in a Beijing forum organized by Pioneer Investments………………………………………..Full Article: Source

“Money makes money” and “when it rains it pours” are two old phrases that come to mind when reading about the financial performance of Norway’s sovereign wealth fund. The Norwegians found a whole lot of oil many years ago. They invested the proceeds in a state fund, which is now the largest of its kind in the world. It is now worth 3.8tn krone (€512 billion).
And last year, its second best performance ever, it rose by 13.4 per cent. The fund’s investments in shares jumped by 18.1 per cent last year on the back of a global stock market boom………………………………………..Full Article: Source

Self-managed superannuation fund leaders are calling for more policy debate around the longevity of superannuation, as the ageing population sparks concerns about how the industry will adapt.
Industry experts speaking at a CPA Australia conference on SMSFs said the SMSF sector will change greatly in the next five to 10 years, signalling administrative and licensing reforms and lower costs, but also forecasting potential problems as the majority of SMSF holders enter old age………………………………………..Full Article: Source

Wealth fund’s exposure is limited, board chief says, citing good performance of investment, and sees metal’s price rising over the long term. A senior official at China Investment Corp says the US$500 billion sovereign wealth fund has exposure to gold, although “not on a big scale”, and the fund is confident that gold prices will rise in the long run owing to limited global supply.
Jin Liqun, supervisory board chief at China Investment Corp, made the comment yesterday after gold prices tumbled earlier this week, reversing a 12-year winning streak……………………………………..Full Article: Source

World gold prices will pick up over time as a global economic recovery gains traction, a senior official of China’s $482-billion sovereign wealth fund said on Wednesday.
Gold has fallen about 18 percent so far this year after an unbroken 12-year string of gains. It rebounded to $1,381.80 an ounce on Wednesday after tumbling to $1,321.35 the previous day………………………………..Full Article: Source

The study by A Capital is the most comprehensive investigation yet into Chinese investment in Europe. The private equity firm itself counts the Chinese government among its investors, in the form of the China Investment Corporation (CIC).
Chinese firms have caused a furor in the past for their partial or complete takeovers of German flagship companies like concrete pump manufacturer Putzmeister, warehouse equipment maker Kion and consumer electronics manufacturer Medion…………………………………….Full Article: Source

Norway’s $730 billion sovereign wealth fund, Europe’s biggest equity investor, will continue to operate under its current strategy, the finance ministry said in a white paper on Friday.
“The ministry presents analyses of several aspects of the strategy, but does not present plans for major changes to the investment strategy of the fund,” it said in a statement………………………………………..Full Article: Source

Experts say the country’s sovereign wealth fund is only focussed on investments with high returns. Bankers and politicians touting their countries’ wares have to work hard to get the attention of Qatar’s sovereign wealth fund, such is the range of its interests, from banks to cars to soccer clubs, and its exacting requirement for returns.
With estimated assets of about $200 billion, and more than a dozen potential deals on its radar every week, the state-run firm has no time for less than compelling investment opportunities and hopes to make more than 17 per cent on its book this year, according to one banker close to the fund………………………………………..Full Article: Source

Australians could be sitting on a $300 billion sovereign wealth fund to rival the oil-rich nation of Kuwait if we had banked the budget windfall of the now deflating mining boom. Instead, exclusive modelling for News Limited reveals successive federal governments have squandered the lot - and then some - in tax cuts, handouts and stimulus spending.
Most economists are tipping Labor’s fifth budget will reveal a budget still deep in deficit - by as much as $10 billion in 2013-14 - as revenues continue to disappoint. This is despite the mining boom delivering a $290 billion boost to the budget bottom line between 2003/4 to 2016/17, according to modelling by Canberra-based forecasting group Macroeconomics………………………………………..Full Article: Source

Back in 2008, the IMF said that “development funds” were part of the sovereign wealth fund community; they are vehicles that “typically help fund socio-economic projects or promote industrial policies that might raise a country’s potential output growth”.
At the time, I thought these development funds were (and would remain) a rather small sub-group compared to the other sub-groups that the IMF into its definition of SWFs (i.e., stabilization funds, savings funds, reserve investment corporations, and contingent pension reserve funds). Boy was I wrong……………………………………..Full Article: Source

China Investment Corporation (CIC), the country’s main sovereign wealth fund, posted a 10.65% return on its overseas investment in 2012, registering an above 5% cumulative annualized return since its establishment in 2007. This is a significant improvement compared with the 4.3% loss last year, the fund’s worst performance in 5 years.
As a young member of the sovereign-wealth fund club, CIC has been constantly adjusting its strategies to respond to the changing international environment and to better serve its mandate of achieving higher returns on China’s rapidly growing foreign exchange reserves………………………………………..Full Article: Source

Malaysia’s non-commodity Khazanah Nasional, founded in 1993, is ranked 23 with US$34 billion in assets and a Linaburg-Maduell Transparency Index (LM-TI) of 5. The world’s largest sovereign wealth fund (SWF) is Norway’s oil-based Government Pension Fund-Global. It was set up in 1990 and is currently registered with assets worth US$664.3 billion with a perfect 10 LM-TI.
UAE-Abu Dhabi’s oil-based Abu Dhabi Investment Authority, established in 1976, is ranked second with US$627 billion with a 5 LM-TI. At third ranking China’s non-commodity SAFE Investment Company which was founded in 1997 and now manages assets worth US$567.9 billion with a 4 LM-TI. That’s the top three SWFs in the world. Now, let’s focus on our neighbours………………………………………..Full Article: Source

TA Securities speculated that the opposition Pakatan Rakyat coming into power could spell the end of 1Malaysia Development Bhd (1MDB), and that its assets could be transferred to state-controlled investment arm Khazanah Nasional Bhd.
“Perhaps, the only difference between both sides of the divide is the fate of 1MDB,” TA Securities said in its report. The comparison between the two has been ongoing since 1MDB first came about in September 2009 - when it transferred from Terengganu Investment Authority (TIA) to federal control………………………………………..Full Article: Source

Qatari Finance Minister Yousef Hussein Kamal said here Tuesday that his country’s assets in Europe are not affected by the ongoing eurozone debt crisis.
In Europe, Qatar Investment Authority, the sovereign wealth fund controlled by the ruling family Al-Thani, owns Harrod’s retail group in London and holds 3 percent of oil giant Royal Dutch Shell and 6 percent of Switzerland’s second largest lender Credit Suisse………………………………………..Full Article: Source

For the first quarter of 2013, sovereign wealth funds have come out strong investing directly in energy and utility investments. Direct transaction data for the first quarter of 2013 is not fully complete; the total so far for the first quarter of 2013 is US$ 2.98 billion.
Already the direct transaction amount for this quarter is greater than fourth quarter 2012’s total of US$ 810 million. This is the highest quarterly transaction total in the energy and utility sector since the first quarter of 2012 which amounted to US$ 4.37 billion. Sovereign fund direct investments in energy tend to be opportunistic such as investing in distressed situations………………………………………..Full Article: Source

With an eclectic list of interests united only by a belief in investing for the long term, the emirate’s sovereign wealth fund is being taken seriously at last. The Qatar Investment Authority, where HBJ is chief executive, is what most people think of when Qatar pops up on a deal, but little is known about its workings. The sovereign wealth fund rankings gives it a “transparency index” of five out of 10 – the same as Iran’s sovereign fund – while estimating it has around $115bn of assets.
Even so, the QIA is essentially a holding company and it is its various subsidiaries, mainly Qatar Holding, that have led many of Qatar’s foreign acquisitions. It is via QH that Qatar holds its stakes in Barclays, Sainsbury’s and German carmakers Volkswagen and Porsche, plus full ownership of Harrods, the luxury department store which houses the QIA’s London office………………………………………..Full Article: Source

Everyone wants a piece of Qatar it seems or, more specifically, Qatari money. The small Gulf state’s influence in the UK, and London in particular, is becoming more evident. It is a joint owner of London’s newest landmark, the Shard, it stepped in to provide funds for Barclays back in 2008 which helped the bank avoid being semi-nationalised, and has bought a 20% stake in the company that owns Heathrow airport.
The list of what else it owns through its sovereign wealth fund - the government-controlled investment fund - goes on. Harrods, a 20% stake in Camden market, a 26% stake in supermarket Sainsbury’s to name but a few………………………………………..Full Article: Source

Sovereign wealth funds, it is no secret, have been steadily building up a war chest of funds and all signs point to an unleashing this year. What may take some by surprise is the level of their wealth and the aggressiveness by which they will deploy their assets—especially as they step up their property investments.
One example is Norway’s Government Pension Fund Global, which recently acquired commercial real estate in the US, including Washington, DC. For 2012, the fund returned 13% on investments—specifically, its equity investments returned 18.1%; fixed income returned 6.7% and real estate investments, 5.8%. Its allocation consisted of 61.2% to equities, 38.1% to fixed income and 0.7% to real estate………………………………………..Full Article: Source

The resource-rich country will have a current account surplus worth 27 percent of GDP, or $51 billion, this year, according to estimates by the International Monetary Fund. The Qatar Investment Authority, its sovereign fund, boasted of having $30 billion to spend last year alone.
Qatar is not blind to criticism. Doha is planning a bonanza of initial public offerings at home, including the listing of a $12 billion investment vehicle half owned by the sovereign fund, to ward off any domestic discontent that its population isn’t sharing the benefits of the state’s spending………………………………………..Full Article: Source

The decision of Qatar’s sovereign wealth fund to seed a publicly-listed investment firm on the Qatari stock exchange is not only an interesting development in asset management in the region, but also one that says a lot about the organization’s willingness to open itself up for additional scrutiny.
Qatar Holding - the company backed by sovereign wealth from the Qatar Investment Authority - is to put USD 3 billion into the new investment vehicle listed on the Qatar stock exchange, which is to be called Doha Global………………………………….Full Article: Source

Sovereign wealth funds will increase their allocations to real estate and infrastructure in an attempt to diversify portfolios currently over-allocated to bank equities, according to a report from TheCityUK, a body representing the UK financial services sector.
Marko Maslakovic, senior manager for economic research, said the underperformance of financial services sector investments made during the financial crisis had left sovereign wealth funds with negative domestic publicity………………………………….Full Article: Source

On March 8 when Yngve Slyngstad announced the annual results of Norway’s sovereign wealth fund, he did more than unveil a routine set of numbers. The chief executive of The Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), was also revealing the first results following what he called a “substantial” change in the $680-billion oil fund’s investment strategy last year.
“While in 2011 the fund invested NOK 150 billion ($27 billion) of the year’s capital transfers in European equities, in 2012 the fund invested nearly an equivalent amount in emerging bond markets”, Slyngstad observed…………………………………Full Article: Source

At the start of 2010, the world’s largest sovereign wealth fund had no property investments to speak of. Three years later, Norway’s Government Pension Fund Global, which manages the oil-rich nation’s wealth through Norges Bank Investment Management, has committed around $6.7 billion to property. The investments are mainly focused on prime office and retail space in major European capitals, and Norges Bank has said it plans to spend billions more over the next decade.
The fund manager has stated that it will invest up to 5% of its $690 billion fund in real estate by 2020, coinciding with a corresponding decrease in its bond holdings. It declined to comment for this article………………………………………..Full Article: Source

Sovereign wealth funds around the world are moving to diversify their portfolios, according to TheCityUK’s Sovereign Wealth Funds 2013 report, with deal transaction sizes getting smaller and emerging markets accounting for a growing share of investments.
The trend towards diversification has resulted in a 30% increase in investment into real estate globally by SWFs over the past twelve months, with information technology and consumer goods also seeing rises in allocation. The allocation increase is largely down to low bond yields in some developed countries and the volatility in equity markets………………………………………..Full Article: Source

All of Moody’s-rated sovereigns in the Middle East and North Africa (MENA) have been affected by the global crisis and Arab Spring to varying degrees, but a clear divergence has emerged over recent years, with stable sovereign credit ratings among oil-rich countries and downward rating pressure facing those countries most affected by the Arab Spring, Moody’s Investors Service said in a new report.
Upheavals in Tunisia, Libya, Egypt, Syria and Yemen have shaken the region’s social and political landscape, and conditions remain unsettled to varying degrees in the countries that experienced regime change. At the same time, oil-rich countries of the Gulf Cooperation Council (GCC) have ramped up social welfare spending to pre-empt discontent and address longstanding needs………………………………………..Full Article: Source

Norway’s oil fund — the world’s largest sovereign wealth fund — almost halved its exposure to UK and French government bonds last year while increasing it to debt from the US, Japan and Germany. The $712 billion fund slashed its holdings of UK government debt from 110 billion kroner at the end of 2011 to 60 billion kroner at the end of December.
French bond holdings dropped from NKr80 billion to NKr44 billion over the same time period. The oil fund — known as Norges Bank Investment Management due to its position inside Norway’s central bank — enjoyed its second best year since its formation in 1998 as buoyant equity markets helped it to a return of 13.4 percent………………………………………..Full Article: Source

Norway’s pension fund, the largest sovereign wealth fund in the world, has pulled out of 23 palm oil companies in Indonesia and Malaysia after deeming them to be producing palm oil “unsustainably”.
The fund, worth US$710 billion (RM2.2 trillion), announced this in its annual report on Friday following its move last year to expand its investment guidelines to include deforestation as a threat to future growth. “In the first quarter of 2012, we sold our stakes in 23 companies that, by our reckoning, produced palm oil unsustainably………………………………………..Full Article: Source

Norway’s $710 billion sovereign wealth fund continued to shift away from Europe at the end of last year as the continent’s economies struggled, buying into key Asian and emerging markets instead, it said on Friday.
The fund, one of the world’s biggest investors, cut its European holdings to 48 percent by the end of the year from 53 percent a year earlier, shifting its portfolio to gain exposure to fast-developing markets where it sees the strength of the world’s economy in the years ahead………………………………………..Full Article: Source

Singapore wealth fund Temasak has bought a 5% stake in Spanish oil group Repsol for just over one billion Euros, raising its total stake in the company to 6.3%, Repsol said in a release. The operation involves the entire portfolio of Repsol treasury stock at 16.01 Euros per share for a total of 1.036 billion Euros (1.35bn dollars).
“The operation, the biggest investment ever made by Singapore in Spain, reflects the confidence which first class international investors have in Repsol’s growth strategy,” it said in a statement………………………………………..Full Article: Source

In the coming decade, Africa will become the largest sponsor of sovereign wealth funds (SWFs) on the planet.You probably find it a bit odd that the poorest continent in the world would have the highest number of sovereign wealth funds. But this popularity specifically reflects the struggles that African countries have had with their resource revenue management and, moreover, their desire to break free of the resource curse and grow.
Indeed, the countries above have made the decision to create these special purpose investment vehicles to help them more professionally manage their sovereign assets, and, personally, I think they’re absolutely right to do so. A sovereign wealth fund is an important part of a broad institutional toolkit for resource revenue management………………………………………..Full Article: Source

Britain should develop links with Azerbaijan, British MP, member of the Energy and Climate Change of the House of Commons, Chris Pincher believes. In his article published on monthly British political magazine Parliamentary Brief, Pincher writes that Azerbaijan can become crossroads between Europe and Asia, as well as a crucial energy supplier.
The Azeris running SOCAR, the state oil company, and SOFAZ, its sovereign wealth fund, are western-educated, westward-looking men, who see Azerbaijan’s future in the WTO, the article says. This new generation of political leaders look to the British/American model, not the Chinese model, for inspiration, Pincher believes………………………………………..Full Article: Source

Recently the media has highlighted raising controversy surrounding the activities of Sovereign Wealth Funds (SWFs). Potential investments by the Chinese SWF in U.S. assets have been blocked, supposedly due to concerns over national security. People fear politically motivated investments and accuse SWFs of insufficient transparency in their actions.
While these concerns are valid (and very applicable to some players in the market), condemning SWFs all together would be fatal for some countries that desperately need them to support and stabilize their economy. Think about this: Why do commodity-exporting countries succumb to the so-called resource curse? Why is it that despite all the resource abundance, countries like Nigeria have not been able to capitalize on this? The perplexing question has a simple answer. It is poor, or even, wicked revenue management. That’s why a sovereign wealth fund (SWF) should be the tools of choice to overcome the resource curse………………………………………..Full Article: Source

A plan by Qatar Holding, one of gas-rich Qatar’s main state investment funds, to seek a credit rating will cast more light on its multibillion-dollar international investments after questions over some of its dealings in recent months.
Ahmad al-Sayed, the chief executive of Qatar Holding, a subsidiary of Qatar’s sovereign wealth fund, said on Tuesday that the fund was preparing for a rating in the coming months, which would force the global investor to be more transparent……………………………………Full Article: Source