Region’s sovereign funds profiting from rescues in West - The National Newspaper

Government-owned funds in the Gulf have made a number of headline-grabbing investments in struggling western institutions during the financial crisis and are now eyeing strategic stakes in BP as it looks to avoid a takeover after the Deepwater Horizon disaster.

The investments have tended to come during rocky periods for the targets, along with a promise from the suitors to invest patiently and not try to take over management or use their stakes for political leverage.

The largest deals have been inked by the Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, the Kuwait Investment Authority (KIA) and Qatar Investment Authority (QIA).