Qatar Wealth Fund Says Oil’s Slump Won’t Derail Strategy - Bloomberg

Qatar Wealth Fund Says Oil’s Slump Won’t Derail Strategy - Bloomberg:



"Qatar’s sovereign-wealth fund, which controls more than $100 billion of assets, said the slump in crude prices won’t lead to a change in its investment plans. 




“We’ve been created to avoid the volatility in oil price,” Ahmed Al-Sayed, chief executive officer of the Qatar Investment Authority, told reporters in Doha today. “We are already adjusted and ready for such a scenario.”



Qatar, the richest country in the world on a per-capita basis, has deployed surplus income from liquefied natural gas exports into real estate, banks, and automakers. Qatar Holding LLC, the foreign investment arm of the QIA, has invested in luxury hotels in Europe and financial-services firms such as Barclays Plc (BARC) and Credit Suisse Group AG. It’s also the largest shareholder in commodities producer Glencore Plc."



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