Kuwait Fund Eyes U.S. Investments After Subprime Breakdown

Kuwait–The Kuwait Investment Authority hopes to find investment deals in the U.S. in the wake of the subprime mortgage collapse, The Financial Times reported Wednesday.The $213 billion sovereign wealth fund–which, unlike most Middle Eastern funds of its kind, is supervised by parliament instead of the ruling family–hopes to act quickly to benefit from crisis-related opportunities.The fund is said to be interested in financial service investments, according to the Times.”Perhaps we are at the eye of the storm now and are close to the peak of the problem,” Bader Al-Sa’ad, head of the KIA, told The Financial Times. “We don’t see prices dropping much more.”