Kuwaiti SWF could be next to invest on Wall Street

Bader Al-Sa'ad, the head of Kuwait Investment Authority, the state's sovereign wealth fund, indicated that his could be the next fund to inject funds into a finance industry clawing for capital in the aftermath of the subprime crisis.

A wave of sovereign wealth funds, including the world's largest - the Abu Dhabi Investment Authority, have capitalised on banks' need for extra funds by making multi-billion dollar investments for favourable returns. Al-Sa'ad told the Financial Times newspaper o

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