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Kuwait Fund Touts $150 Billion Profit as It Explains Areva Flop
Kuwait Investment Authority, the world’s fourth-largest sovereign wealth fund, said it earned a net income of 45.2 billion dinars ($150 billion) in the last six fiscal years ending March 31, playing down the impact of losses resulting from its investment in French energy company Areva SA. That the fund profited…
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Click here to read the full story: Bloomberg Quint