Chief Investment Officer - Where in the World is the Kuwait Investment Authority?

Chief Investment Officer - Where in the World is the Kuwait Investment Authority?:



"“The Kuwait Investment Authority [KIA] has always been a black box. No one knows what goes in, what comes out, and what is going on inside. But it was here before everyone else; it is still here—and it is growing.”



I am on the 30th floor of one of the skyscrapers in Kuwait’s capital city which was constructed—painstakingly slowly—during the financial crisis. I am talking to a senior financier who deals with the small state’s largest national wealth fund. We are drinking sweet tea and overlooking the Arabian Gulf. He, like the others I have arranged to meet, has agreed to tell me what he knows about the KIA’s activity on the strict understanding that his identity will not be revealed.



“Many people work with the KIA: It is a huge investor in a very small country. But it is also a government agency and thus avoids any kind of publicity,” he says. “In Kuwait it takes years to build up a relationship, but it can be ruined in an instant—and no one wants that.”"



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