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Public Institution For Social Security Fund
The Public Institution For Social Security (PIFSS; Arabic:المؤسسة العامة للتأمينات الاجتماعية) is the public pension fund of the state of Kuwait, it was founded in 1955 and counts 11 subsidiaries and 45 documented transactions. In 2021, its cash reserves accounted to 4% of its investments down from 11.5% in 2020. The current worth of the assets of the PIFSS is estimated at $134 billion. It recorded its best ever annual performance year in 2021, recording a 20.9% growth in its assets. Investments The pension fund owns 25% of the U.S. private equity firm Stone Point Capital, 25% of Oak Hill Advisors and 10% of TowerBrook Capital Partners TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Man .... References {{Reflist Government of Kuwait Social se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension funds suppor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuwait
Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. Kuwait also shares maritime borders with Iran. Kuwait has a coastal length of approximately . Most of the country's population reside in the urban agglomeration of the capital city Kuwait City. , Kuwait has a population of 4.45 million people of which 1.45 million are Kuwaiti citizens while the remaining 3.00 million are foreign nationals from over 100 countries. Historically, most of present-day Kuwait was part of ancient Mesopotamia. Pre-oil Kuwait was a strategic trade port between Mesopotamia, Persia and India. Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization, largely b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TowerBrook Capital Partners
TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $13.7 billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 30 active investments on its website as of 2020. History 2005 and prior TowerBrook Capital Partners was formed as a spin-off of George Soros' equity management firm, by Jennifer Ternoey. TowerBrook's co-founders, Neal Moszkowski and Ramez Sousou, had previously served as co-heads of Soros Fund Management's private equity arm, Soros Private Equity (SPEP); SPEP launched its first fund around 2000. SPEP was also an early investor in companies such as Eircom, CSTV Networks, and Cablecom, which it sold to Liberty Global in 2005. In April 2005, Moszkowski and Sousou spun out SPEP from Soros Fund Management to establish TowerBrook Capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Kuwait
Kuwait is an emirate with a political system consisting of an appointed judiciary, appointed government (dominated by the Al Sabah ruling family), and nominally elected parliament. Executive branch The Constitution of Kuwait was approved and promulgated on 17 November 1962. Government The prime minister chooses the cabinet of ministers, which form the government. The prime minister is a member of the ruling family and is appointed by the Emir. Emir The Emir's powers are defined by the 1961 constitution. These powers include appointing the prime minister, who in turn chooses the cabinet of ministers (government). Upon the death of the Emir, the crown prince succeeds. Judicial branch The judiciary in Kuwait is not independent of the government, the Emir appoints all the judges and many judges are foreign nationals from Egypt. In each administrative district of Kuwait, there is a Summary Court (also called Courts of First Instance which are composed of one or more divisions, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |