The Kuwait Investment Office (KIO) is based in the City of London and manages funds on behalf of the State of Kuwait. It was set up in 1953 with the aim of investing surplus oil revenues to reduce the reliance of Kuwait on its finite oil resource.
The State of Kuwait transfers 10% of the oil revenue into the Reserve for Future Generations each year, which is the overall responsibility of the Kuwait Investment Authority in Kuwait, the parent organization of the KIO.
The KIO manages its funds as a global investor, with investments in all main geographical areas and asset classes, which are managed by portfolio managers on an active basis. It is a long term investor and the in house investment management team covers equities, fixed income, treasury, private equity and property. The KIO aims to produce out-performance relative to the benchmark and within specific risk parameters.
A diverse range of people work at the KIO including Kuwaiti and non-Kuwaiti nationals and the total number of staff around one hundred. |
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