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Sovereign Wealth Funds Briefing - Categorized | Performance

Kuwait fund made 40pct return on Blackrock

Posted on 01 February 2010

From Bloomberg: Kuwait Investment Authority, the emirate’s sovereign wealth fund, made about a 40 percent return on its $750 million investment in BlackRock Inc.’s capital increase in May, the fund’s chief Bader al-Saad told the Al- Arabiya TV channel in an interview in Davos.

The sovereign wealth fund also was among a group of investors that had bid for Cadbury Plc, he said. Cadbury later agreed to an offer from Kraft Foods Inc………………………………….Full Article: Source

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