The country has decided that the Qatar Investment Authority (QIA) will aim to avoid putting money in funds or other investment vehicles it does not have full control over, according to the sources, who are familiar with the QIA’s strategy. The Qatari wealth fund was not involved in the 666 Fifth Avenue deal, a source close to Brookfield Asset Management told Reuters. Qatar wants full visibility into where its money goes,” said the second source familiar with the QIA’s strategy. “What we have seen lately is that it has have not been placing much,” said a Western fund manager who regularly sources money from wealth funds. In 2017, QIA pledged to ramp up its investments in Britain to 35 billion pounds ($45 billion) from 30 billion.
Source: Egypt Independent February 11, 2019 11:24 UTC