01.07.2013 - Kuwait wealth fund doubles investments in U.K. to $24 bln
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