| The Financial Times reported a few months ago that the Qatar sovereign wealth fund, the Qatar Investment Authority (QIA), had suffered a $12 billion paper loss in the third quarter of 2015. Unconvinced of the veracity of this report, Chris Wright, financial columnist and the author of "No More Worlds to Conquer," told Gulf News Journal why it’s unlikely that QIA might have had a loss of that magnitude during that period.
“The problem is that the QIA doesn’t disclose its holdings, so we don’t know how other assets in the portfolio performed,” Chris Wright told Gulf News Journal. “Their real estate holdings probably did a lot better over the same period. On top of that, those are clearly not realized losses. Volkswagen fell heavily in that quarter, but it had gone up for several years beforehand. In the end, sovereign wealth funds don’t care about quarterly performance. They are set up for generations ahead.”..............................................Full Article: Source
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