KIA managing director: Fund did not suffer $1.5bn losses in Merrill and Citi investments
Posted by Editor on June 29, 2008 at 08:52 PM
KUNA reports that, “Kuwait Investment Authority (KIA) is a long-term investor and did not suffer losses worth USD 1.5 billion for its investments in Merrill Lynch and CitiGroup, as was recently claimed, said Managing Director Bader Al-Saad on Sunday.”
Spiegel interview with KIA chief (corrected)
Posted by Editor on May 19, 2008 at 11:13 AM
Germany’s Spiegel magazine has put online its recent interview with Bader al-Saad, head of the Kuwait Investment Authority.
KIA chief criticizes planned German restrictions
Posted by Editor on May 17, 2008 at 06:37 PM
Monsters and Critics.com writes that, “The head of Kuwait Investment Authority (KIA) [Bader al-Saad] warned in a news interview [with Der Spiegel magazine] released Saturday against German plans to restrict acquisitions by sovereign investment funds like his.”
KIA's al-Saad attacks EU and US plans for greater scrutiny of SWFs
Posted by Editor on April 09, 2008 at 06:50 AM
Bloomberg reports that, “Bader al-Saad, head of Kuwait’s $250 billion sovereign wealth fund, said plans by policy makers in the European Union and U.S. to impose greater scrutiny on state investments could harm the global economy.”
The article quotes al-Saad as saying that, “The consequences of imposing regulations on sovereign wealth funds will result in an adverse impact on global capital flows.”
Kuwait's SWF eyes US, European financials
Posted by Editor on February 19, 2008 at 06:12 AM
Reuters reports that, “Sovereign wealth fund Kuwait Investment Authority said it may be interested in investing in U.S. and European financial services and real estate firms now the subprime mortgage crisis has cut asset prices. ‘We’re interested in financial and real estate,’ KIA Managing Director Bader al-Saad told Reuters on the sidelines of a seminar in Kuwait on Tuesday.”
Russia's Kudrin, Saudi Arabia's Mohamed Al-Jasser and Kuwait's Bader al-Saad to sit on SWF panel at Davos
Posted by Editor on January 21, 2008 at 06:02 AM
Bloomberg reports that, “Representatives of… state-run funds may be some of the most sought-after participants among the 2,500 executives, investors, policy makers and academics at the four-day gathering [at Davos]. Russian Finance Minister Alexei Kudrin; Mohamed Al-Jasser, vice governor of the Saudi Arabian Monetary Authority; and Bader al-Saad, managing director of the Kuwait Investment Authority, plan to sit on a Jan. 24 panel discussion about so- called sovereign-wealth funds.”