DUBAI: Kuwait’s US$112bil pension fund plans to boost investments in private equity and infrastructure following an overhaul that left it sitting on too much cash.
A new management team was brought in during 2017 to transform the state-owned institution after a corruption scandal involving a previous manager. The fund has since exited more than US$20bil in questionable deals in a “major clean-up” of its portfolio, according to Raed Al-Nisf, deputy general manager for investments and operations.
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