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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

KIC to Create $2 Bil. Fund with Qatari Sovereign Wealth Fund

Posted on 06 November 2014

Korea Investment Corp., the nation’s sovereign wealth fund, will join hands with Qatar’s counterpart to make investment together. The Korean sovereign wealth fund based on foreign currency reserves said on November 5 that is signed a memorandum with the Qatar Investment Authority to form a joint investment fund.
The two sovereign wealth funds will chip in US$1 billion each to create a $2-billion fund while establishing a joint management committee to oversee it. Committee meetings will be held once a year either in Seoul or Doha………………………………………..Full Article: Source


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