Inside of the Kuwait Expense Authority: ‘It’s chaos there now’

For decades, the Kuwait Investment Authority retained a lower profile as it garnered a popularity as just one of the oil-wealthy Gulf’s most strong and highly regarded sovereign wealth money.

But past week, the KIA abruptly sacked Saleh al-Ateeqi, the head of its London investment decision arm, the Kuwait Expenditure Business, dragging the secretive fund into the highlight.

Launched in 1953, the KIA is a single of the Gulf state’s most influential establishments and guardian of Kuwait’s prosperity for a article-oil long run. With an estimated $700bn or more in assets, beneath 50 % of which are managed out of

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