07.06.2016 - Auditing sovereign wealth funds: Qatar Investment Authority at the back of the class
Despite a lot of changes in Qatar in the last few years, the country's sovereign wealth fund, the Qatar Investment Authority (QIA), is still getting extremely bad marks from international auditors. In the past few months, QIA officials announced fund managers are making big moves toward investing $35 billion in U.S. interests while opening an office in New York. The fund has hired top finance professionals from firms such as Citibank and Morgan Stanley. But none of that has, as yet, been enough to move the QIA from the bottom of the barrel in the eyes of organizations charged with monitoring sovereign wealth funds around the world...............................................Full Article: Source
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