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The Kuwait Investment Authority has strategically expanded its presence over the past 65 years, with assets spanning the Americas, Europe, Asia Pacific and emerging markets.
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The authority is working on updating its comprehensive strategy, which includes the strategy for the alternative investments sector and various other investment sectors.
The Kuwait Investment Authority is gearing up to modernize its investment and accounting systems by finalizing a project through a specialized consulting company. This step aims to develop the authority’s administrative, financial, accounting, and investment systems.
The authority has proposed a special practice for the development project, which is expected to take more than a year to complete. This is due to the large volume of work internally and externally that the authority handles, requiring significant effort.
Informed sources have said that the authority effectively manages its portfolios through a dynamic asset distribution strategy developed and monitored by the Board of Directors. The portfolios aim to achieve high, long-term, risk-adjusted returns by investing in high-quality companies and projects, leading to growth.
The authority has strategically expanded its presence over the past 65 years, with assets spanning the Americas, Europe, Asia Pacific and emerging markets.
Evolving strategy aligned with global investment trends
Sources indicated that work is expected to be done to develop the authority’s investment systems in accordance with international standards. This is due to the diversity and ramifications of its investments across multiple fields. The authority works to periodically and continuously develop its strategy in a manner that aligns with global developments and changing investment trends.
They explained that the development process would also meet various regulatory requirements. The Kuwait Investment Authority confirmed that it is working on updating its comprehensive strategy, which includes the strategy for the alternative investments sector and various other investment sectors.
Future Generations Fund surges to $923.4 billion
According to the latest classification by the International Sovereign Wealth Fund Institute (SWFI), the assets of the Future Generations Fund managed by the Kuwait Investment Authority increased by $120.4 billion, reaching $923.4 billion compared to $803 billion in the previous update in mid-July of last year. It’s noted that the General Authority for Investment Fund maintained its position as fifth in the world and second in the Arab world, following the Abu Dhabi Investment Authority, whose assets reached $993 billion.
In its new update on classified funds, SWFI indicated that the ranking of sovereign funds did not undergo major changes this year. The Norwegian sovereign fund maintained first place with an asset value of $1.648 trillion, compared to $1.371 trillion last year.
Following in second place is the authority, with Chinese investments holding steady at an asset value of $1.350 trillion, unchanged from last year. The Chinese SAFE Fund secured third place with an asset value exceeding a trillion dollars, also unchanged from last year.
