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Sovereign Wealth Funds Briefing - Categorized | Performance

Kuwait sovereign fund assets suffer drop

Posted on 12 February 2009

From Reuters: The value of assets managed by the Kuwait Investment Authority, the Gulf Arab state’s sovereign wealth fund, fell by about 9 billion dinars (21.3 billion pounds) in the nine months to December 2008, two MPs said on Tuesday after a government briefing.

Member of Parliament Waleed al-Tabtabae told reporters the government said KIA’s losses due to the financial crisis, in the March-December period, totalled 9 billion dinars. Kuwait’s fiscal year ends on March 31….. Full Article: Source


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