Kuwait Investment Authority invested $30-$40 billion abroad since crisis

In the 18 months since the global crisis started, Kuwait Investment Authority (KIA), Kuwait's sovereign wealth fund, has invested $30bn-$40bn abroad - the Financial Times is reporting.

For example, it took a $750m stake in funds manager BlackRock in the spring and that investment has more than doubled in value since then. This is the case with other SWF in the region as well. For example the mandate of Abu Dhabi's main sovereign wealth fund, the Abu Dhabi Investment Authority, is to invest overseas and not domestically and analysts expect it to continue doing so - according to FT.

(Kuwait Investment Authority is listed in the Middle East Investors Directory with the code BD45)