Kuwait Investment Authority to transfer funds worth $7 billion from London to Kuwait

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KUWAIT CITY, Sept 24: Kuwait Investment Authority (KIA) intends to transfer the management of a fund worth $7 billion from its office in London to the headquarters in the country, report Al-Anba daily quoting news published by Bloomberg recently. According to sources, the fund has been mandated to focus on stocks; and that it constitutes a small portion of the assets of the Kuwaiti sovereign wealth fund. Sources disclosed the fund was scrutinized, because of its performance and the associated risks

This news has been read 16388 times!