Kuwait Made About 40% Return on Blackrock Since May, Saad Says

* username: rupertbu

Kuwait Investment Authority, the emirate’s sovereign wealth fund, made about 40 percent profit on its $750 million investment in BlackRock Inc.’s capital increase in May, the fund’s chief Bader al-Saad told Al-Arabiya TV channel in an interview in Davos.

The sovereign wealth fund was among a group of investors that had bid for Cadbury Plc, he said. Cadbury later agreed to an offer from Kraft Foods Inc.END