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Chief Executive Officer Sheikh Abdullah Bin Mohammed al-Thani of Qatar Investment Authority said the wealth fund will open an office in San Francisco to accommodate its expanding U.S. portfolio.
The executive made the announcement at an investment conference in London.
QIA, which has much of its operations in Europe, said the fund intends to expand in Asia and the U.S. Last year it announced its plan to spend $20 billion in Asian investments over the next five years.
