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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait wealth fund doubles investments in U.K. to $24 bln

Posted on 01 July 2013

Kuwait Investment Authority, the country’s sovereign wealth fund, doubled investments in the U.K. over the last 10 years to more than $24 billion. Investment in Britain was “across all asset classes, sectors and industries,” Managing Director Bader Al-Saad said in a speech in London on June 28. Kuwait Investment Office, the KIA’s London-based investment arm, now manages more than $120 billion globally compared with $27 billion 10 years ago.
“Alongside the real estate subsidiary, which manages our real estate assets, we have set up an infrastructure fund which we are operating from London,” Al-Saad said. The investment office “will be looking to manage more funds, in more asset classes, and in more regions of the world in the near future,” he said…………………………………Full Article: Source


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