28.01.2014 - Kuwait buoyant on infrastructure, but cool on stocks
One of the world’s largest sovereign wealth funds has announced it will expand its investments in western infrastructure. The Kuwait Investment Authority (KIA), which is thought to have $386 billion under management according to the Sovereign Wealth Fund Institute, will increase its infrastructure investments in the US, the UK, and other European markets in the coming months. The KIA is a well-known player in infrastructure already. Last year, the fund was part of a Canadian-led consortium that bid for the UK’s Severn Trent water company, but eventually walked away after the company refused to engage in talks before a bid deadline expired, according to media reports...............................................Full Article: Source
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