Two Royals in Their 30s Have Been Given the Keys to a $320 Billion Fund - Bloomberg

Two Royals in Their 30s Have Been Given the Keys to a $320 Billion Fund - Bloomberg:

Two Qatari royals in their 30s have been entrusted to run the country’s $320 billion gas riches as the Gulf state turns its attention to technology deals.

Qatar’s ruler on Sunday named his younger brother deputy chairman of the Qatar Investment Authority, and another relative and foreign minister as chairman. The moves come less than a month after the QIA appointed Mansoor bin Ebrahim Al Mahmoud as chief executive officer, replacing an older royal.

Well-known for a raft of high-profile deals that gave Qatar holdings in Hollywood, New York office space, London residential property, luxury Italian fashion and even a soccer team, the fund has largely been reluctant to dabble in venture capital and technology investments -- until recently.