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Wednesday, June 23, 2021

Reuters: Qatar Investment Authority to diversify away from Europe

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Qatar’s sovereign wealth fund is hiring more external advisors and using more of the country’s cash to buy assets in the US and Asia after traditionally focusing on European markets, according to Reuters.

The newswire’s report comes several months after officials said the Qatar Investment Authority, which is responsible for managing much of the proceeds raised from the sale of Qatar’s oil and natural gas, would invest $35 billion in the US and $2 billion in Russia.

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