LONDON (March 27): Qatar's Sovereign Wealth Fund said on Monday it would open an office in San Francisco to expand its growing U.S. portfolio, and was still considering investing in a technology fund formed by SoftBank Group Corp . Qatar was considering investing in a US$100 billion global technology fund formed by SoftBank Group Corp, the Japanese telecommunications and internet company, and Saudi Arabia, Bloomberg reported in October. In 2015 Qatar said it would spend US$35 billion in the United States over the next five years after opening an office in New York. In December the fund said it would invest US$10 billion in infrastructure projects inside the United States. The QIA has about US$334 billion of assets according to industry tracker Sovereign Wealth Center.

Source: The Edge Markets March 27, 2017 10:52 UTC