Exclusive - Qatar bolstering wealth fund team to diversify portfolio - sources - The West Australian:
"Qatar's sovereign wealth fund, one of the world's most aggressive investors, is hiring senior bankers and industry executives to lessen the fund's reliance on Europe and diversify its investment portfolio, sources familiar with the plan said.
Under newly-appointed Chief Executive Ahmed Al-Sayed, the $100 billion-plus sovereign fund is scouting for opportunities in Asia and the United States. The hiring reflects a long-term objective of geographically balancing a portfolio which is now nearly 80 percent exposed to Europe, the sources said.
Al-Sayed, known as a savvy negotiator and aggressive dealmaker, took the helm at Qatar Investment Authority (QIA) in July when the newly-crowned emir, Sheikh Tamim bin Hamad al-Thani, shook up the investment vehicle as part of his restructuring of the Qatari state on his father's abdication."
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