03.09.2013 - Qatar bolstering wealth fund team to diversify portfolio - sources
Qatar's sovereign wealth fund, one of the world's most aggressive investors, is hiring senior bankers and industry executives to lessen the fund's reliance on Europe and diversify its investment portfolio, sources familiar with the plan said. Under newly-appointed Chief Executive Ahmed Al-Sayed, the $100 billion-plus sovereign fund is scouting for opportunities in Asia and the United States. The hiring reflects a long-term objective of geographically balancing a portfolio which is now nearly 80 percent exposed to Europe, the sources said...............................................Full Article: Source
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