Financial Times FT.com

Qatar fund spurned Wall Street

By Sundeep Tucker in Hong Kong and Roula Khalaf in London

Published: September 25 2008 03:44 | Last updated: September 25 2008 03:44

A leading executive of Qatar’s sovereign wealth fund on Wednesday disclosed it had spurned the chance to help recapitalise troubled Wall Street banks, in remarks that offered a rare insight into its investment strategy.

Kenneth Shen, head of strategic and private equity at the Qatar Investment Authority, said that the QIA had got “an early look” at potential investments in the US banks but declined the offers.

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