29.04.2013 - Kuwait sovereign fund to invest in infrastructure
The Kuwait Investment Authority (KIA), the sovereign wealth fund, has long been known both for its integrity and cautious approach to investment. But several recent initiatives point to the growing difficulty of being conservative in a world of virtually zero interest rates and modest yields ó and a world in which inflation is low today but may be much higher tomorrow. The KIA recently joined forces with real estate developer Steve Rossís Related Companies and with Oxford Properties, to provide equity in the first stage of the $15 billion Hudson Yards project in Manhattan...............................................Full Article: Source
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