Tuesday 29 October 2013

CORRECTED-REUTERS SUMMIT-Credit Suisse sees Qatar fund in emerging markets push | Reuters

CORRECTED-REUTERS SUMMIT-Credit Suisse sees Qatar fund in emerging markets push | Reuters:

"* Credit Suisse has close ties to Qatar sovereign fund

* Sees it diversifying investments beyond U.S., Europe

* May put more focus on real estate, infrastructure, commodities

* Attractive as inflation hedge

* Asset management venture to launch second MENA fund

By Mirna Sleiman

DOHA, Oct 28 (Reuters) - Qatar's sovereign wealth fund is looking at more investments in emerging markets in order to diversify beyond developed nations, said a senior executive of Credit Suisse who is one of the top advisors to the fund.

With assets estimated by analysts at about $100-200 billion, and over a dozen potential deals on its radar every week, Qatar Investment Authority (QIA) is courted by bankers and politicians around the world.

While the fund will continue to take large minority stakes in well-established firms, it may in future place more emphasis on tangible assets such as real estate, infrastructure and commodities rather than merely financial instruments, said Aladdin Hangari, head of Credit Suisse's Qatar operations."

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