DUBAI: As Middle Eastern sovereign wealth funds (SWFs) emerge as the go-to investors for some of the biggest deals, the world’s oldest and one of its largest is being eclipsed by its more ambitious, flashier neighbours.
The Kuwait Investment Authority (KIA), which manages the Gulf country’s US$700bil (RM3.26 trillion) sovereign wealth fund, has lost several senior managers, including heads of key divisions over the past year, according to people with knowledge of the matter.
