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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait’s KIA invested $750 mln in US firm BlackRock

Posted on 01 February 2010

From Reuters: Kuwait Investment Authority (KIA) invested about $750 million in U.S. asset manager BlackRock last year, and eyes investments in Asia and Latin America in 2010, KIA’s managing director said.

“Last May we invested in raising BlackRock’s capital, I think $750 million…and I think until now we made 40 percent of profit,” Bader al-Saad said………………………………….Full Article: Source

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