Kuwait Investment Authority
Kuwait Investment Authority (KIA) is the oldest Sovereign Wealth Fund (SWF). It was formed in 1953 with funds from its oil sector and since then it has amassed $250 billion in assets. It is the 3rd largest SWF. Kuwait annually transfers 10% of its oil revenue into the Reserve for Future Generations. KIA has responsibility for this reserve. Most of the KIA's activity is done out of the London's office of the KIA.