Kuwait’s $700 Billion Wealth Fund Is Being Eclipsed by Ambitious Neighbors
- Researchers point to dearth of major deals at Kuwait fund
- Gulf sovereign funds control more than $3 trillion of assets
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As Middle Eastern sovereign wealth funds emerge as the go-to investors for some of the biggest deals, the world’s oldest and one of its largest is being eclipsed by its more ambitious, flashier neighbors.
The Kuwait Investment Authority, which manages the Gulf country’s $700 billion sovereign wealth fund, has lost several senior managers, including heads of key divisions over the past year, according to people with knowledge of the matter. It’s still to appoint successors for some of those positions, they said.